Insurance and Annuities

Charles Schwab Insurance Services (CSIS) offers a broad range of annuity products to help clients meet their retirement goals, and term life insurance to provide financial security for their families.

Facts
Headquarters San Francisco
History

Founded in 1994

Management

Randall W. Merk, executive vice president of Investment Management

Clients

Individual investors and financial advisors

Client assets

Assets under management as of Dec. 31, 2009: $1.23 billion


Products and Services

Charles Schwab & Co., Inc. a licensed insurance agency, offers annuity and insurance products underwritten and issued by non-affiliated insurance companies1.

 

Products include:

  • Variable and fixed deferred annuities offering varying degrees of market participation to help clients save more for retirement through asset growth with tax deferral
  • A fixed immediate annuity to provide a steady stream of income through guaranteed payments throughout retirement
  • High-quality, low-cost term life insurance policies

 

1Charles Schwab & Co., Inc. a licensed insurance agency, offers annuity and insurance products issued by non-affiliated insurance companies.