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CDR Financial Products & FSD Financial Services Announce Revolutionary New Guaranteed Lifetime Income Program.

BEVERLY HILLS, Calif. -- CDR Financial Products who, over the last twenty years has created innovative and efficient products for the institutional marketplace, and FSD Financial Services, responsible for building many of the cutting edge annuity products on the market today, announced that they are unveiling their joint venture "GRIP", "Guaranteed Retirement Income Program". Grip Retirement addresses the income needs of current and future retirees by offering lifetime guarantees while positioning itself as a service provider resource.

According to published reports, 95% of Americans have financial concerns about their retirement and 42% are afraid they will either run out of money prematurely or will be unable to maintain their current lifestyle in retirement.

"The Golden Years can now remain Golden," said FSD's Bob Affronti, Director of Financial Services. "There are over 78 million baby boomers gearing up for retirement with over $16 trillion dollars in retirement assets. Most individuals fail to understand the need to insure against longevity risk. The guaranteed life annuity is the only financial product that can fully cover this risk. With the institutional insight provided by CDR Financial, our Guaranteed Retirement Income Program is the answer to help employees as they retire. Living longer should not equate to working longer. People should have style in their life and not just a life style. GRIP Retirement provides an income which cannot be outlived. Guaranteed!"

Scott Sokol, Managing Director of CDR Financial Products adds "we are very happy to have capitalized on our long-standing relationship with FSD Financial and have come up with a "Win-Win" solution for Service Providers, Third Party Administrators, Financial Planners, and of course the retiree." Sokol continues, "GRIP offers the service provider universe the best of both worlds; institutional product pricing for their participant, a no cost, turn-key program, which offers state of the art income products and a way to protect the participants during the distribution phase while meeting their fiduciary responsibilities."

GRIP Retirement is a "tailor made" program in a world of "off-the-rack" products. "Tomorrow's needs are the focus of GRIP today," said Affronti. "With product from top tier AAA/AA rated providers, we can be the annuity product platform of choice for the service provider universe. Through innovative product design, GRIP Retirement solves all the concerns of previous annuity products," Affronti added.

"GRIP was constructed with the priorities of customer service, income and product creditworthiness in mind," says Sokol. "The minute you enter the realm of our program, the attention and treatment are all encompassing. Every step of the process you are carefully assisted by consultants who are providing a service to help meet the retirees retirement needs and we don't see the participants as a bloated commission. With GRIP, your security blanket will cover your financial mattress entirely," added Sokol.

From the combined expertise of CDR Financial Products and FSD Financial, there is now a program on the market that is very user friendly, provides a toll free number directly to a trained consultant, is technologically savvy including a pro-active product menu in a format that gives new meaning to the phrase "Get a GRIP".

About CDR F.P. and FSD Financial Services

CDR Financial Products is a national capital markets group that creates and markets leading edge financial products and services to the institutional investor sector. We operate across eight distinct business units. Our business execution model incorporates skill sets and resources from these respective business units to provide value added products and services to its clients.

Over twenty years of market participation has allowed CDR to build a repertoire of experience, the culmination of which is represented by our market presence. Each of our groups analyze current market opportunities, and work collectively, to create products and services that anticipate client needs. Additional information can be found on the companies' website at

FSD Financial Services, a nationally known annuity marketing firm, was created in 1991 to overcome annuity market complexity while fulfilling agent, client and market needs. Its founder, a 35 year industry veteran with over 20 years as an insurance company executive, has designed and built many cutting edge annuity products. Currently he is providing expert agent training and annuity analysis to agents from across the country.

The FSD staff is highly trained to handle all administrative duties and provide expertise, technical support with comprehensive access to the annuity marketplace. Additional information on FSD Financial Services can be found at:
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Publication:Business Wire
Date:May 5, 2005
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