More are taking notice of deferred income annuities, experts say

04/16/2013 | National Underwriter Life & Health

Deferred income annuities are growing in popularity with 50-something clients who desire a secure retirement-income stream and are willing to wait to begin receiving it, experts say. "We anticipate these products will continue to have remarkable growth" because of the nearly $10 trillion in financial assets held by Americans ages 45 to 59, said Joe Montminy of LIMRA. Some deferred income annuities also offer death-benefit riders and cost-of-living escalations.

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National Underwriter Life & Health

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