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 …
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 …
MetLife was a big player in the variable annuity game for years, but they scaled back on their benefits in the recent past to make up for some turmoil in the markets. They are back in the game now with a new variable annuity guaranteed …
Pacific Life Insurance Company has just released a new deferred fixed annuity that is a little different from the rest. The Pacific Income Advantage not only offers fixed annuity benefits, but it also has the option for a Guaranteed Withdrawal Benefit with yearly crediting. This …
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