H. Thomas McMeekin Joins the Board of Directors of Achaean Financial
Former Chief Investment Officer of SunAmerica Financial Group Will Assist in
Accelerating Utilization of Income Plus+ Among Insurers
CHICAGO, Nov. 14, 2012
CHICAGO, Nov. 14, 2012 /PRNewswire/ --Achaean Financial ("Achaean"), a
financial services firm committed to providing innovative ideas and tools for
creating secure retirement solutions that benefit investors, financial
advisors and insurance companies, today announced that H. Thomas McMeekin,
former CIO of SunAmerica Financial Group, has joined the firm's board of
directors. In this role, Mr. McMeekin will leverage his extensive asset
management experience to accelerate the national expansion of Achaean's
patent-pending and cost-effective variable annuity design, Income Plus+.
"Adding Thomas to our Board of Directors is another example of how Achaean
continues to align with industry leaders to expand the reach of Income Plus+
to the broader marketplace. Tom has the experience and extensive network to
help insurance companies understand how to overcome legacy issues with
existing annuities and correctly position Income Plus+," said Lorry Stensrud,
Chief Executive Officer of Achaean.
Income Plus+ will be available to both new retirees seeking secure income, and
also to underwriters with legacy blocks as a means to transform, or remediate,
the liabilities associated with them, unlocking excess reserves and risk-based
capital from insurance company balance sheets, while benefiting the
policyholder. Income Plus+ is complemented by Achaean's Retirement Outcome,
which is an advanced, open-architecture and fully customizable retirement
planning tool designed to help investors and their advisors understand the
tradeoffs they face in retirement and to create personalized solutions,
including appropriate spending, overall portfolio risk and allocations to
"Achaean has brought a product suite to market at a time when investors,
advisors and underwriters are seeking innovative solutions to retirement
income and remediation of existing annuities," said Mr. McMeekin. "By
delivering the tools that meet these needs, Achaean is uniquely positioned to
transform the insurance industry and provide the means to secure sustainable
lifetime income at a time when the demand for such innovation is extremely
high because of severe market dislocations."
Prior to his role at SunAmerica Financial Group, Mr. McMeekin served as
Managing Director at Prudential Investment Management, Managing Partner and
Founder at Griffin Investments, LLC, and Executive Vice President and Chief
Investment Officer at Lincoln Financial Group.
For more information about Achaean Financial, please contact Rachael
Fisher-Layne of JCPR at (973) 850-7318 or email@example.com.
About Achaean Financial
Based in Chicago, Achaean Financial is a financial services firm committed to
providing innovative ideas and tools for creating secure retirement solutions
that benefit insurance companies, financial advisors and investors. The
company is uniquely positioned to capitalize on a supply-demand dislocation in
the retirement income market by leveraging its retirement advice software
platform, Retirement Outcome, and its innovative income guarantee product,
Income Plus+. These two products can be used independently but together
provide a holistic solution for the largest opportunity in the financial
services space: providing for retirement income peace of mind. For more
information, visit www.achaeanfinancial.com.
SOURCE Achaean Financial
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