Voya To Launch Buffer Annuity Early Next Year

November 7, 2017 by Cyril Tuohy

Voya is preparing to launch a hybrid, or buffer, annuity in the new year as the company seeks to take advantage of growth in a sparsely-populated niche of the annuity market, a company executive said.

“We have a buffer-style annuity product that is finished and ready for launch at the first of the year,” Carolyn Johnson, CEO of Voya’s annuities and individual life segment told analysts in a conference call.

Hybrid, buffer or structured annuities combine the elements of a fixed indexed annuity and a variable annuity.

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Originally Posted at InsuranceNewsNet on November 3, 2017 by Cyril Tuohy.