We’ve talked before in this blog about the increasing popularity of deferred income annuity products. Since 2011, their sales have increased from $211 million to around $2.8 billion last year. The increasing sales of deferred income annuities have come partly from a decrease in variable …
Yesterday’s blog post listed some of the reasons why annuities are not in many defined contribution plans and why they are likely to be offered in many more plans in the future. Jean Chatzky agrees with this and believes that longevity annuities are going to …
The first longevity annuity created specifically to meet the new QLAC federal regulations has been introduced by AIG. The company’s American General Life Insurance Company created the American Pathway Deferred Income Annuity to be eligible as a qualifying QLAC in traditional IRA’s. This information comes …
As MetLife scales back on their variable annuities, other companies are picking up the market share. According to Bloomberg Business News’ “Prudential Joins AIG Taking Annuities Share From MetLife,” Zachary Tracer says that Prudential and AIG are the main companies who have capitalized on MetLife’s …
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