Wednesday, May 20, 2009
Investors take a shine to fixed and immediate annuities
Immediate fixed annuities and deferred fixed annuities are finding a growing market in the wake of the financial market meltdown. It’s no wonder. Their guaranteed payout rates are more than 8 percent and 5 percent, respectively at a time when the equity market is a seesaw of volatility.
New York Life, the leading seller of immediate fixed annuities, reported an 80 increase in immediately annuity sales in the first quarter of 2009 versus the prior year. Chris Blunt, executive vice president at New York Life, says fixed immediate annuity sales are soaring because people want secure income—and that should continue. Over at MetLife, the jump in sales of immediate fixed annuities is even more astounding: First quarter sales (deposits) totaled $3.6 billion, up from just $272 million a year ago. That translates into a 12,000 percent increase...
Registered Rep: Investors take a shine to fixed and immediate annuities
New York Life, the leading seller of immediate fixed annuities, reported an 80 increase in immediately annuity sales in the first quarter of 2009 versus the prior year. Chris Blunt, executive vice president at New York Life, says fixed immediate annuity sales are soaring because people want secure income—and that should continue. Over at MetLife, the jump in sales of immediate fixed annuities is even more astounding: First quarter sales (deposits) totaled $3.6 billion, up from just $272 million a year ago. That translates into a 12,000 percent increase...
Registered Rep: Investors take a shine to fixed and immediate annuities
Permalink posted by markw @ 5:23 AM 
 |
 |  |
  |
