{"id":45,"date":"2009-02-03T11:14:14","date_gmt":"2009-02-03T16:14:14","guid":{"rendered":"http:\/\/www.annuityfyi.com\/blog\/?p=45"},"modified":"2023-02-15T06:31:36","modified_gmt":"2023-02-15T06:31:36","slug":"sales-of-immediate-annuities-soar-for-new-york-life","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2009\/02\/sales-of-immediate-annuities-soar-for-new-york-life\/","title":{"rendered":"Sales of Immediate Annuities Soar for New York Life"},"content":{"rendered":"<p>Matt Ackerman of <em>Bank Investment Consultant <\/em>recently reported that sales of <a href=\"https:\/\/www.annuityfyi.com\/immediate-annuities\/\" target=\"_blank\" rel=\"noopener\">immediate annuities<\/a> have risen over the past several years. For example, New York Life&#8217;s immediate annuity sales increased by 34% in 2008. As of December 31st, immediate annuities make up $1.2 billion in the firm&#8217;s assets.<\/p>\n<p>While immediate annuities have been around for decades, New York Life only resumed its marketing of them a few years ago. These products, which turn an investor&#8217;s lump sum into an steady income stream for <a href=\"https:\/\/www.annuityfyi.com\/retirement\/\" target=\"_blank\" rel=\"noopener\">retirement<\/a>, have surged in popularity due to changing demographics; Matt says that since the U.S. population is aging, individuals are becoming more worried about outliving their savings instead of growing their nest egg.&nbsp;<\/p>\n<p>Immediate annuities are normally safer for consumers than variable annuities, because their initial investment is typically guaranteed. The only risk they pose to insurers is an individual&#8217;s life expectancy. Unlike variable annuities, they won&#8217;t suffer heavy fluctuations in value. Economic troubles are another reason that the sales of immediate annuities from New York Life have increased ten-fold in just five years!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Matt Ackerman of Bank Investment Consultant recently reported that sales of immediate annuities have risen over the past several years. For example, New York Life&#8217;s immediate annuity sales increased by 34% in 2008. As of December 31st, immediate annuities make up $1.2 billion in the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Sales of Immediate Annuities Soar for New York Life\" class=\"read-more button\" href=\"https:\/\/www.annuityfyi.com\/blog\/2009\/02\/sales-of-immediate-annuities-soar-for-new-york-life\/#more-45\" aria-label=\"Read more about Sales of Immediate Annuities Soar for New York Life\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,122,268],"tags":[56,270,107,226,267,43,236,271],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/45"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=45"}],"version-history":[{"count":2,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/45\/revisions"}],"predecessor-version":[{"id":26720,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/45\/revisions\/26720"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=45"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=45"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=45"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}