While deferred income annuities have gained a prominent position in the retirement income planning game, the newest entrant into the annuity marketplace is poised to change the way these products operate for good. This is because the new deferred income annuity comes wrapped up within a variable annuity product, allowing clients to access the best of both worlds though a single annuity contract.
By structuring the deferred income annuity as a rider, rather than as a stand-alone co
ntract, insurance carriers can now provide clients with the ability to participate in market gains while ensuring sufficient income even late into retirement, without the need to purchase, manage, or exchange multiple annuity contracts.
ntract, insurance carriers can now provide clients with the ability to participate in market gains while ensuring sufficient income even late into retirement, without the need to purchase, manage, or exchange multiple annuity contracts.
Read the analysis of William Byrnes and Robert Bloink at LifeHealthPro
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