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Q4 Fixed Annuity Sales Up 79%

Limra International says that fixed annuity sales increased by 79% in the fourth quarter of 2008, according to the Wall Street Journal’s Leslie Scism. The jump is credited to olders individuals fearing that the current market turmoil will torpedo their retirement funds. Fixed annuities are considered …

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WSJ Suggests Fixed Immediate Annuities for Retirees

In a Wall Street Journal article, Shelly Banjo and Kristen McNamara highlighted the advantages of fixed immediate annuities. Like standard fixed annuities, they are generally safe investments for retirees. Unlike them, these products begin making payments soon after you deposit a lump sum and provide …

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