Thursday, October 05, 2006
Annuities Angle For Shelf Space In 401(k) Plans
Sensing a new interest in guaranteed income products on the part of Baby Boomers, retirement plan sponsors and even members of Congress, a few insurers are now promoting annuities as investment options in 401(k) plans.
Three issuers-MetLife, Genworth Financial and The Hartford have begun shopping deferred income annuities to defined contribution (DC) plan sponsors this year, as well as to companies about to freeze or terminate defined benefit (DB) plans. Prudential Retirement expects to introduce a similar product later this year.
Annuities Angle For Shelf Space In 401(k) Plans
Source: Insurance News Net
Three issuers-MetLife, Genworth Financial and The Hartford have begun shopping deferred income annuities to defined contribution (DC) plan sponsors this year, as well as to companies about to freeze or terminate defined benefit (DB) plans. Prudential Retirement expects to introduce a similar product later this year.
Annuities Angle For Shelf Space In 401(k) Plans
Source: Insurance News Net
Permalink posted by armandn @ 9:09 AM 
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