directoryad
subscribe ad

Wednesday April 16th 2014

Archives

Posts Tagged ‘immediate annuities’

Annuity Sales Set Record in 2013

Annuity Sales Set Record in 2013

Sales of immediate annuities hit a record $8.3 billion last year, according to data collected by the industry group Limra; in the late 1990s, they averaged less than a third of that. That alone wouldn’t be newsworthy, except that investors typically shun this type of financial product, which provides retirees with a secure stream of payments, [...]

Solving the Riddle of the Immediate Annuity

Solving the Riddle of the Immediate Annuity

Only about 3% of insurance policies sold are immediate or income annuities. Policyholders often can’t get access to cash once they sign the annuity contract. Plus, if they die before their principal is exhausted, any money left, unless they make other arrangements, generally goes to the insurance company. Even if the immediate annuity permits [...]