Aon Consulting to Offer ELM(sm) Annuities to Clients
23 Gennaio 2008 - 5:00PM
PR Newswire (US)
Product designed to address changing retirement needs of U.S.
employees CHICAGO, Jan. 23 /PRNewswire-FirstCall/ -- Aon Consulting
Worldwide, the global human capital consulting organization of Aon
Corporation (NYSE:AOC), today announced it will promote the ELM(sm)
annuities to its clients. These fixed annuity contracts were
developed by ELM Income Group, working together with the large
insurance companies that issue the contracts. The ELM annuities are
designed to address issues around pricing and transparency, and
respond to the changing retirement needs of U.S. retirees concerned
with risks such as market volatility, longevity and inflation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO )
"We think ELM offers the kind of value and integrity employers like
to see in the marketplace," said Cecil Hemingway, executive vice
president and head of Aon Consulting's U.S. Retirement Practice.
"There is now extensive economic research demonstrating how
annuities may optimize sustainable income in retirement. Through
independent research, and our own analysis, from February 2007 to
December 2007, we compared the annuities available through ELM
against other similarly available annuities and found ELM annuities
are highly price competitive, very flexible, very secure and
provide additional benefits not often available from competitive
products. We believe employers will want to communicate these
messages to retirees and point them to quality sources in the
annuity marketplace." Aon Consulting will offer the ELM annuities
to employer clients seeking to introduce their retirees to the
fixed annuity marketplace. "ELM Products efficiently address the
needs of retirees who need either safety and income, or safety and
growth opportunity," said Chris O'Flinn, president and CEO of ELM
Income Group. "We believe the partnership with Aon Consulting will
enable workers nationwide to learn more about the advantages of
fixed annuities and benefits of the ELM programs." About ELM Income
Group ELM(sm) Income Group, Inc., based in Washington, D.C., is an
independent insurance agency that offers annuity products online at
http://www.elmannuity.com/. ELM was founded by two former officers
of large corporations, each with an extensive background in
benefits and applied actuarial science. ELM helps retirees achieve
a secure financial foundation by increasing their ownership of
fixed annuities. ELM Income Group, Inc. is not affiliated with Aon
Corporation. About Aon Aon Corporation (NYSE:AOC) is the leading
global provider of risk management services, insurance and
reinsurance brokerage, human capital and management consulting, and
specialty insurance underwriting. Through its 43,000 professionals
worldwide, Aon readily delivers distinctive client value via
innovative and effective risk management and workforce productivity
solutions. Our industry-leading global resources, technical
expertise and industry knowledge are delivered locally through more
than 500 offices in more than 120 countries. Aon was ranked by A.M.
Best as the number one global insurance brokerage in 2007 based on
brokerage revenues, and voted best insurance intermediary, best
reinsurance intermediary, and best employee benefits consulting
firm in 2007 by the readers of Business Insurance. For more
information on Aon, log onto http://www.aon.com/. About Aon
Consulting Aon Consulting Worldwide (http://www.aon.com/hcc) is
among the top global human capital consulting firms, with 2006
revenues of $1.282 billion and 6,500 professionals in 117 offices
worldwide. Aon Consulting is shaping the workplace of the future
through benefits, talent management and rewards strategies and
solutions. Aon Consulting was named the best employee benefit
consulting firm by the readers of Business Insurance magazine in
2006 and 2007. Media Contacts: Joe Micucci John Hellerman Aon
Consulting ELM 312-381-4786 202.274.4762
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Joe Micucci of Aon Consulting, +1-312-381-4786, ; or John Hellerman
of ELM Income Group, Inc., +1-202-274-4762, , for Aon Corporation
Web site: http://www.aon.com/ http://www.elmannuity.com/
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