In the News

Title

Annuities for retirement income

Document Type

Article

Publication Date

5-27-2016

Abstract

Annuities are valued for their tax-deferred accumulation benefit, but they also provide an essential source of retirement income for many retirees.

Matt Drinkwater, assistant vice president, LIMRA Secure Retirement Institute in Windsor, Connecticut, reports the institute has conducted an ongoing study of variable annuity owners who purchased contracts in 2007.