Voya Financial is one of the newest companies to introduce a 401k annuity product. In “Voya jumps into 401(k) annuity game,” Marlene Y. Satter of Benefits Pro introduced the company’s Lifetime Income Strategy. Voya’s Retirement Solutions business says that their new product is a retirement …
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 …
Longevity annuities come in two different types and help to insure that you will not run out of money in retirement. They are essentially the opposite of life insurance, which leaves money behind in the case of an early death. Deferred income annuities and fixed …
UPDATED 8/31/2013 Deferred income annuities have been selling in record numbers this year. Bank Investment Consultant’s Margarida Correia tells us why in “Deferred Income Annuities Gain Traction, Following Rebirth.” The products were called advanced life deferred annuities when first introduced, but did not take off …
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