Thursday, February 19, 2015
A flurry of regulatory activity has put deferred income annuities (DIAs) in the spotlight frequently in the past year, with many billing DIAs as the up-and-coming option for clients to ensure sufficient income even at an advanced age. Often overlooked, however, are the DIA product features that insurance carriers have recently developed in order to appeal to a younger generation of annuity purchasers.
Because of these newly developed options, DIAs today can provide protection against longevity risk through guaranteed income products that have previously been unattractive to the younger client—opening up this retirement savings avenue for an entirely new group of clients.
read Byrnes & Bloink at Think Advisor