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 …
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, …
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 …
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 …
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