There are a few factors to consider when weighing your option of annuities for retirement income. Fixed and variable annuities are the two main types offered. With a fixed annuity, you receive interest based on contract terms with the insurance company where you purchased the …
Prudential has made improvements to its optional Highest Daily Lifetime 7 Plus variable annuity rider, in addition to expanding its availability to investors 45 and older. According to the Retirement Income Reporter, the Highest Daily Lifetime 7 Plus option is a minimum income guarantee that …
Hartford Financial‘s president and COO, Thomas Marra, is planning to retire, reports Diane Levick in the Hartford Courant. Marra was instrumental in building the firm’s business in variable annuities, but the current stock market slump has hurt insurance companies, such as Hartford, that heavily rely …
MassMutual has announced that it will be suspending sales of its Guaranteed Income Plus 6 rider on December 2, 2008. Features include… -Guaranteed 6% annual compounding rate -Immediate withdrawals -Annual re-set Visit our GMIB page to learn more about the Guaranteed Income Plus 6.
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