The market for deferred-income annuities continues to grow, with sales of more than $1 billion in 2012 and several new products coming online, experts say. The annuities, which aim to provide a secure fixed payment, are targeted to those near retirement age and can also appeal to younger investors, experts say. The products carry some interest-rate risk, however, and provided little in terms of death benefits until recently, says Scott Hawkins of Conning.

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