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Wednesday April 16th 2014

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Posts Tagged ‘annuity’

Insurers to Annuity Owners: We Don’t Want More Money

Insurers to Annuity Owners: We Don’t Want More Money

Some insurers are telling owners of annuities they can no longer add money to older contracts with the richest guarantees. It isn’t often a business says, “Thanks, but no thanks,” when you try to invest more money with it. But that is what a growing number of life insurers are saying to people who, years back, bought the retirement-income [...]