{"id":7330,"date":"2011-07-11T10:08:09","date_gmt":"2011-07-11T15:08:09","guid":{"rendered":"http:\/\/staging.annuityfyi.com\/blog\/?p=493"},"modified":"2023-02-15T02:07:11","modified_gmt":"2023-02-15T02:07:11","slug":"immediate-annuity-rates-guarantees-gao-bringing-investors-in","status":"publish","type":"post","link":"https:\/\/staging.annuityfyi.com\/blog\/2011\/07\/immediate-annuity-rates-guarantees-gao-bringing-investors-in\/","title":{"rendered":"Immediate Annuity Rates, Guarantees, GAO Bringing Investors In"},"content":{"rendered":"<p>Insurance companies and financial advisors are pleased that the Government Accountability Office is recommending immediate annuities to middle income families, but they don&#8217;t think that a huge sales boom is going to happen overnight.&nbsp; According to Darla Mercado&#8217;s <em>Investment News<\/em> article, &#8220;Financial advisers, insurers hail GAO plug for immediate annuities,&#8221; the GAO is admitting that Social Security is flawed and retirees need to have added income to finance their retirement.&nbsp; Despite the fact that <a title=\"immediate annuity rates\" href=\"https:\/\/staging.annuityfyi.com\/immediate-annuities\/\" target=\"_blank\" rel=\"noopener\">immediate annuity rates<\/a> are still not at an ideal level because of the financial markets, immediate annuities are still selling well and helping millions finance their retirement.&nbsp; Sales of $7.6 billion in 2010 were just slightly above the sales of $7.5 billion in 2009.&nbsp; A steady increase is likely to continue, especially after the GAO support.<\/p>\n<p>LIMRA International expects immediate annuity sales to be around $13 billion within five years.&nbsp; A big part of the increase can be attributed to immediate annuities being marketed through more distribution channels, including banks, wirehouses, and more broker-dealers.&nbsp; The GAO support could help raise awareness of immediate annuities and increase sales as well.&nbsp; One advisor points out that it is more important for investors to protect their money than it is to grow it, even though both are very important.&nbsp; Along with recommending single premium immediate annuities to clients, he is also a fan of a deferred <a title=\"fixed annuity\" href=\"https:\/\/staging.annuityfyi.com\/fixed-annuities\/\" target=\"_blank\" rel=\"noopener\">fixed annuity<\/a> with inflation adjustment.&nbsp; The government is also working with retirement plan sponsors on getting annuities included in more plans as a payout option and putting annuity payout information on plan statements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insurance companies and financial advisors are pleased that the Government Accountability Office is recommending immediate annuities to middle income families, but they don&#8217;t think that a huge sales boom is going to happen overnight.&nbsp; According to Darla Mercado&#8217;s Investment News article, &#8220;Financial advisers, insurers hail &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Immediate Annuity Rates, Guarantees, GAO Bringing Investors In\" class=\"read-more button\" href=\"https:\/\/staging.annuityfyi.com\/blog\/2011\/07\/immediate-annuity-rates-guarantees-gao-bringing-investors-in\/#more-7330\" aria-label=\"Read more about Immediate Annuity Rates, Guarantees, GAO Bringing Investors In\">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":[34,252,106,58,30,468,460],"tags":[150,289],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7330"}],"collection":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=7330"}],"version-history":[{"count":2,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7330\/revisions"}],"predecessor-version":[{"id":26195,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7330\/revisions\/26195"}],"wp:attachment":[{"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=7330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=7330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=7330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}