For all intents and purposes, income annuities appear to be the perfect retirement product. They combat longevity risk and because of mortality credits, offer relatively high payouts. So a couple of economists recently pondered why more people are not using these annuities in their retirement …
From a company press release, Symetra Financial showed strong first quarter 2010 results. Their net income increased to $46.3 million from $5.1 million in the first quarter of last year. With an increase of 30% in their adjusted operating income over last year, Symetra went …
The Retirement Income Reporter recently published an article highlighting New York Life Insurance Company’s selling a total of $1.2 billion of income annuities during 2008. About $850 million was sold through New York Life’s own career agency. Over $100 million worth of AARP Lifetime Income …
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