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’s immediate annuity sales increased by 34% in 2008. As of December 31st, immediate annuities make up $1.2 billion in the …
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 …
In the Wall Street Journal, Anne Tergensen highlighted a new trend in annuities: longevity policies. Unlike standard annuity products, this investment only begins payouts at a certain advanced age (usually 80 or older). When payments do begin, annual payments are higher. As a result, you …
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