You Can Get A 6.76% Immediate Annuity Rate

Are you one of the people who don't think you can get any good annuity rates right now?  The AARP recently sent out some advertising for an immediate annuity rate of 6.5%.  While that is not a bad rate, we were able to find better.  Many people contacted us looking to see if the AARP's deal was a good one.  The 6.5% immediate annuity is through companies like New York Life Insurance and is based on a male aged 72.  Annuity FYI was able to find an interest rate for the same male for... Read More

Six Recommended Deferred Income Annuities

UPDATED 8/31/2013Deferred 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 in the marketplace.  After a few changes recently, an IRI report predicts that DIAs will be have the fastest growth in sales of any annuity product.  Old products had... Read More

New Deferred Income Annuities From Fidelity

There has been a lot of talk about deferred income annuities and their increasing popularity recently.  To keep up with the trend, Fidelity Investments just introduced two new deferred income annuities to help finance future retirement needs.  The company press release, "Fidelity Investments Adds Two New Deferred Income Annuities from Guardian and Principal," offers some details on the products to be added to those already offered by Fidelity.  The demand for products to carry people through... Read More

Should You Buy An Annuity in Your 20’s?

New York Life Insurance Co. wants younger people to start buying their successful deferred income annuities.  Darla Mercado of Investment News talks about the recent change they've made to attract younger investors in "New York Life cuts initial deposit for annuity to attract youth."  Previously, an initial investment of $10,000 was required to purchase New York Life's Guaranteed Future Income annuity.  They have now lowered this amount to $5,000 to attract more than the Baby Boomers who are... Read More

New York Life Sells $1B of Deferred Income Annuities

The Wall Street Journal's MarketWatch recently published an article by Anne Tergesen stating that "More boomers (are) buying 'longevity' annuities."  While immediate annuities are still a popular choice for retirees, some younger Baby Boomers are purchasing deferred annuities as early as their 50's, even though they won't start receiving payments for another decade or so.  Last year the government made it easier for 401k plans to offer annuities because they believe that annuities are a good... Read More

Deferred Income Annuity, aka Longevity Insurance

Deferred income annuities, or longevity insurance, are being introduced by more and more mutual insurance companies.  These annuities are becoming increasingly popular due in part to the the low interest rate environment and a volatile stock market.  Investment News' Darla Mercado talks about why mutual funds are selling more deferred income annuities in "Mutual insurers ramp up development of deferred-income annuities."  This so-called longevity insurance basically means that you purchase... Read More

New York Life’s Income Plus Variable Annuity

New York Life's newest annuity is aimed at Baby Boomers who are planning to retire in two years or more.  The Income Plus Variable Annuity provides guaranteed lifetime income for the future and protects your money in volatile markets.  In Plan Adviser's "NY Life Rolls Out Income Plus Variable Annuity," Kristen Heinzinger says that this product is best used as a long term investment.  Not only will it allow you to defer your taxes, it also offers the ability to access your savings and a... Read More

Fidelity Offering Deferred Income Annuities Now

Fidelity Investments put out a press release yesterday letting consumers know that they have extended their product line due to demand from pre-retirees.  They will now be offering deferred income annuities to go along with their immediate income annuities.  With 7,500 or so people turning 65 daily, there is an increasing demand for guaranteed lifetime income in retirement.  They can use part of their savings or 401k to purchase a deferred income annuity that will set them up to receive... Read More

'AAA' Rating for New York Life & Annuity

Fitch Ratings has re-affirmed its highest rating level to New York Life Insurance Company.  This information comes from Reuters' "Fitch affirms New York Life's IFS at 'AAA'."  The Insurer Financial Strength Rating of 'AAA' applies to both New York Life Insurance Company and New York Life Insurance & Annuity Corporation.  Fitch says that their outlook is stable and although they could be effected by some negative ratings triggers, their current situation is very positive.A very strong... Read More

3 Year Fixed Annuity Term

***UPDATE: For a current list of some of the top fixed annuity rates avialable, visit Annuity FYI's top picks.***There is a new fixed annuity product from New York Life with only a three year term.  Annuity News Journal's Christi Roberts introduced the product in "New York Life Announces New Terms for Fixed Annuities."  The Secure Term MVA Fixed Annuity is one of five fixed annuities offered by New York Life.  In addition to this three year fixed annuity, they also have a five, six,... Read More

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