MIGA Selection Platform for Retirement Planning

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MIGA Selection Platform for Retirement Planning

Inspired by a conversation on:

The Retirement and IRA Show

The Retirement and IRA Show

Social Security, Account Consolidation, and MYGA Selection: Q&A #2537

Host: Jim Saulnier, CFP® & Chris Stein, CFP®

Timestamp: 01:30:11 - 01:31:54

Listen to Episode • View Podcast • All Ideas from The Retirement and IRA Show

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Feather Flow

Direct Quote

"What criteria when selecting an insurer should I use for each MIGA? What is your lowest AM best rating?"

Market Gap

Consumers struggle to select the best multi-year guaranteed annuity (MIGA) options.

Many retirees face uncertainty when it comes to choosing the right Multi-Year Guaranteed Annuity (MIGA) to fund their retirement needs. With various insurers offering differing rates, ratings, and features, potential annuity purchasers often find it difficult to navigate their options. They may lack the expertise to evaluate insurance company ratings, understand state-guarantee limits, or assess the financial stability of the insurers offering MIGAs. As private equity firms increasingly enter the insurance market, discerning which companies can be trusted becomes even more crucial. Failure to choose wisely could jeopardize financial security in retirement, especially if the selected insurer faces financial difficulties in the future.

Summary

The business idea is to create a user-friendly online platform that helps retirees and financial advisors select the best Multi-Year Guaranteed Annuity (MIGA) options based on various criteria, including insurer ratings, AM Best scores, Comdex scores, and asset liability ratios. The platform would aggregate information from different insurers and provide comparative analysis tools, allowing users to make informed decisions about their MIGA investments. It could also offer educational resources on understanding annuities, the impact of private equity in the insurance sector, and risk assessments related to different insurers. Given the growing complexity of retirement planning and the increasing involvement of private equity in the insurance industry, this platform would serve as a valuable tool for consumers aiming for financial security in their retirement years.

Categorization

Business Model
Platform
Target Founder
Subject Matter Expert
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $5,000 MRR
Moderate (Most Likely)
$5,000 - $10,000 MRR
Optimistic
$10,000 - $20,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
8/10
Market Potential
7/10
Evidence
6/10
Overall
7.2/10
Found on September 13, 2025 • Analyzed on September 13, 2025 6:32 AM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Subject Matter Expert to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

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2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

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Technical Strategy:

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