Blueprint Income Annuities Review

Blueprint offers a user-friendly experience that allows clients to build their own custom Personal Pension Plan or receive a quote for an income annuity based on a series of questions, personal information, and individual need. The site does an excellent job of walking users through a step-by-step diagnostic for their Personal Pension Plans, asking questions such as the client's birth date, age they'd like to retire, if the plan is meant to support an individual or a couple, the amount of income they'd like to receive and other monetary sources factoring into their budget, before calculating just how much the client will need to pay toward the annuity each month.

Blueprint gives clients plenty of options when it comes to choosing a funding plan, and the ease of enrolling completely online with the help of a Blueprint Income Retirement Specialist. Another worth-noting feature is that clients can save the plan Blueprint helped to design for later, or share it with someone the client would like to review it (such as a partner or financial advisor) to make sure everything checks out. During the enrollment process, clients can choose to fund their Personal Pension through savings, checking, brokerage account, Traditional IRA, Roth IRA, or rollover 401k account.

For income annuities, the site asks similar questions such as when the client would like the income payments to start, how much they’d like the one-time premium for the annuity to be, or how much they’d like the monthly income to be. Then, users can “lock” a quote with one of the insurance companies provided. The site also lists current, up-to-date information on interest rates for several different types of annuity plans across several insurers, so clients can be sure they're getting the best rates.

Another helpful resource for those who are still murky on the ins and outs of annuities is the free, 100-page annuity decision guide Blueprint offers. Users can request the document via email which contains important information on the different types of annuities, provides examples, product specifications and buying tips in a digestible, reader-friendly format.

One major plus is that Blueprint Income’s expert advisors are fiduciaries, which means the company's representatives are legally and ethically bound to help clients make financial decisions that are in a client’s best interest. Blueprint is extremely transparent on how it makes money, which is typically 1-5 percent of the income annuities purchased in a client's Personal Pension. This is paid by the insurance company.

The company also holds itself to high-standards, only partnering with companies that hold an A or higher rating with A.M. Best. These ratings are displayed alongside the quotes provided by each insurance company for clients to look at before they make a choice. The company itself holds an A+ rating on the BBB and a 4.7 rating on their own site of 122 customer reviews. Their Facebook page boasts a 5 out of 5-star rating. It should be noted the company is fairly new, as it was originally founded as Abaris Financial Inc. in 2014 before changing its name to Blueprint Income, Inc. in 2017. There does not appear to be a profile on the Consumer Financial Protection board or Trustpilot.