Boomer demand for annuities to stay high despite low rates

February 2, 2015 by Joyce Hanson

Boomers are good for annuities.

The annuities market experienced a good year for growth in 2014, despite interest rate headwinds, and 2015 shows signs of continued strength as boomers look for retirement income, issuers seek product innovations and 401(k) plans offer deferred-income annuities in target-date funds now that the U.S. Treasury Department has given them the thumbs-up.

its “State of the Insured Retirement Industry” 2014 review and 2015 outlook, the Insured Retirement Institute said product issuers remain financially strong, while balance sheets are sound and post-2008 risk management efforts are yielding positive results. Click HERE to read…

Originally Posted at LifeHealthPro on February 2, 2015 by Joyce Hanson.