Monday, July 17, 2006
New Wrinkles For Annuities
Immediate fixed annuities convert a lump-sum payment into guaranteed monthly income for life, something that should make them attractive to retirees worried they'll outlive their money. But they're not as popular as you might think, since many retirees also worry about the reverse: that they'll die before they collect much of the money, effectively making the insurance company, not their children, the heir.
New Wrinkles For Annuities
Source: BusinessWeek Online
New Wrinkles For Annuities
Source: BusinessWeek Online
Permalink posted by armandn @ 11:38 AM 
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