Demand for income annuities is growing, expert says

04/5/2013 | InsuranceNewsNet

Income-annuity sales are continuing to grow despite struggles in the wider annuity market. Products with income riders may be a good supplement to bonds and equities for people close to retirement, says Jim Byrd of Safe Harbor Financial Services. One such product features no cap on market return, which can help guarantee lifetime income, Byrd says.

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