Deferred Income Annuity Sales Soaring
As life expectancy continues to grow, consumers are seeking out guaranteed retirement income to help mitigate longevity risk.
INN Breaking News, August 27, 2013
Deferred income annuities (DIA) are a rising star among retirement offerings. DIA sales have increased in five consecutive quarters and experienced a year-over-year jump of 150 percent in the first quarter of 2013. Companies offering DIAs, or those who have filed to offer, have doubled to more than a dozen since 2012. And 70 percent of annuity owners are confident they will have enough money to pay for long-term care expenses, compared with 54 percent of those who do not own an annuity.
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