Real rates, sweet spots for deferred income annuities
July 2, 2014 by Rich White
Deferred income annuities, the hottest slice of today’s annuity market, are of growing importance to advisors and clients focusing on guaranteed retirement income.
Last month, the Your Money section of The New York Times devoted prime space to DIAs, including a detailed illustration called The Cost of Building Your Own Pension.
The Times illustrated side-by-side the DIA single premiums required to purchase $1,000 per month of lifetime income for male and female annuitants (single life) and joint lives on the basis of: 10-year income deferral; 20-year income deferral; and immediate income (from a single premium immediate annuity) starting in 10 years. All quotes were current and from New York Life, a highly rated company.
Originally Posted at BenefitsPro on July 2, 2014 by Rich White.
Categories: Industry Articles
