Deferred fixed annuity sales grew by close to 60% last year, according to an article by Janet Kidd Stewart in the Chicago Tribune. It’s really no surprise as life expectancies continue to rise and many people’s life savings dwindle. Northwestern Mutual Life Insurance Company actually …
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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