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Blueprint Income: Legit website?
Old 12-05-2023, 07:49 AM   #1
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Blueprint Income: Legit website?

I am about to purchase a significant amount of SPIA’s and noticed Nationwide having the highest rate at 7.06%. Instead of going through Blueprint, I called Nationwide direct. The rep said that he couldn’t match the rate Blueprint has? This seemed odd.

Has anyone purchased annuities through Blueprint?
I am also having my Merrill Lynch guy see what he can do on the rate.

Thanks,
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Old 12-05-2023, 08:04 AM   #2
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Yes, I have purchased 2 from them and they are the AARP recommended Annuity provider. I have found their staff to be extremely helpful and responsive. I will buy from them again.
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Old 12-05-2023, 08:47 AM   #3
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Interesting. I bookmarked Blueprint when I was looking at current SPIA prices for my sister-in-law. I like that it shows "current" prices from a variety of companies. I didn't realize they serve as a middleman for actually buying the contracts. Since OP couldn't match the price directly with the provider, does that mean that a company like Blueprint is able to get volume discounts by bringing in buyers?
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Old 12-05-2023, 09:27 AM   #4
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I have heard of Blueprint (Income) for sale of annuities.

If you have any doubts with regard to their contact information, track that down though your State's website.

EDIT - From one of their websites - they are not an insurance company "Blueprint Income is an annuity marketplace, not an insurance company. That means that we offer a curated selection of 30 top insurance companies, giving you the power to compare annuities in one place. In addition to our online experience, we have a team of annuity experts here to answer questions, process paperwork, and help you feel confident in your decision-making."
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Old 12-05-2023, 09:42 AM   #5
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They are merely a broker. No reason not to buy from them. The other big brokers are immediateannuities.com and stantheannuityman.com
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Old 12-06-2023, 06:13 AM   #6
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I am in the midst of purchasing a Nationwide annuity with them. They seem OK so far...
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Old 12-06-2023, 06:56 AM   #7
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Did you give any thought to keeping each SPIA at the state maximum coverage amount in case they have issues or do you feel Nationwide is safe enough to go all in?
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Old 12-06-2023, 07:27 AM   #8
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I try to spread my annuities across different companies.
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Old 12-06-2023, 08:42 AM   #9
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So that is what I am considering as well, but with a 7.06% rate with Nationwide as an A+ provider, it is hard to spread some to others like USAA (6.46%) and PacLife (6.82%). But you are doing it to be safe in case the company goes under?
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Old 12-06-2023, 09:10 AM   #10
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Did you give any thought to keeping each SPIA at the state maximum coverage amount in case they have issues or do you feel Nationwide is safe enough to go all in?
I would keep the SPIA(s) within coverage limits.
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Old 12-06-2023, 09:42 AM   #11
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The chances of Nationwide going under is very low, but you never know.
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Old 12-07-2023, 01:05 AM   #12
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I purchased 3 MYGA contracts through Blueprint income. They have the best resources on their website but I would also consider/compare Stan Annuity Man and immediateannuities.com. Blueprint Income was acquired by Mass Mutual over a year ago so that is another indication of being legit.
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Old 12-09-2023, 03:01 AM   #13
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A long time ago we wanted to put money in an online savings account at a bank. We looked at places like ING, Countrywide, etc. I called each of them and asked for annual reports to look for any obvious signs. A person from Countrywide called me to make a pitch, and I said I was concerned about them based on some things I saw in their financial statements. She laughed and said "We are one of the largest banks in the country, there's nothing to worry about".

Well, we all know what happened to Countrywide about 15 years ago.
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Old 12-09-2023, 06:17 AM   #14
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I bought two thru them. Only issue I ran into was one of the carriers was overloaded with purchase applications and it took a bit longer than I wanted to receive my contract. Blueprint later dropped that carrier from their lineup temporarily for that reason I believe. As far as Blueprint I found them excellent to deal with and would use them again.
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Old 12-09-2023, 08:02 AM   #15
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Well, we all know what happened to Countrywide about 15 years ago.
I know there was some angst due to the mortgage fiasco but I thought they were acquired by BofA and everyone got their money back.
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Old 12-09-2023, 09:27 AM   #16
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I am currently in the process of using Blueprint to purchase a Nationwide SPIA. Nationwide just requested financial statements from me. This is the first time this ever happened to me. Usually they just take your word for it, in my experience in purchasing many SPIA's.
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Old 12-09-2023, 11:55 AM   #17
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I am currently in the process of using Blueprint to purchase a Nationwide SPIA. Nationwide just requested financial statements from me. This is the first time this ever happened to me. Usually they just take your word for it, in my experience in purchasing many SPIA's.
So a check is not good enough
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Old 12-09-2023, 01:07 PM   #18
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So a check is not good enough
Apparently not. They requested the documents AFTER they cashed the check.
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Old 12-09-2023, 01:46 PM   #19
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Apparently not. They requested the documents AFTER they cashed the check.
What exactly did they request? And did you provide them?
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Old 12-09-2023, 02:07 PM   #20
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What exactly did they request? And did you provide them?
They wanted a copy of the statement of the account showing the source of the funds going into my checking account. I provided it to them with the account number blocked out.
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