For the first time in awhile, fixed annuities are selling better than variable annuities. It’s no wonder with a financial marketplace that has been less than stable recently. New York Life sells more immediate fixed annuities than anyone; they have seen an 80% increase in …
Jackson National Life Insurance Company has fixed annuities to thank for it’s increasing sales in the first quarter of 2009. While sales of their variable annuities were down compared to last year, sales of traditional fixed annuities almost doubled from the same period last year. …
According to the Pension Rights Center, 2009 is on track to have substantially more companies freezing the pensions of their employees than 2008. Soon to be retirees really need to look over their options with a fine toothed comb. The economy is likely to recover. …
Where are retirees putting their money? Currently, about $2.7 trillion sits in 401(k)s, while only $10 billion of fixed annuities were sold all last year. Fixed immediate annuities will guarantee you a set income for life so here are 8 reasons people are not buying …
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