Buying an annuity, a product that provides income for life, offers increasing value as you age, as opposed to attempting to self-insure longevity risk. This is due to “mortality pooling,” a principle ...

LIMRA reported a new sales record of $120 billion in the year’s third quarter. More than half (51%) of Generation X respondents told the Nationwide Retirement Institute in a recent online survey that ...

With three straight years of record annuity sales, how does the industry continue to grow the pie? Keith Golembiewski, LIMRA assistant vice president of annuity research, and Teddy Panaitisor, LIMRA ...

Learn how the market, economy, and demographics are shaping the annuity industry Nick Gallo has been a financial content marketer and journalist for over six years. He has deep expertise in ...

Question: Is it better to take a life annuity with a higher initial payout, but no escalation in the premium, or to take a life annuity with a lower initial payout but with an annual escalation?

Annuities have a bad reputation due to their complexity, lack of transparency, and limited flexibility. However, for retirees focused on maximizing their spending in retirement, the simplest annuities ...

With an annuity, you don't have the same kind of flexibility as with a 401(k) or IRA held at a brokerage firm. Liquidity is limited and early withdrawals can trigger surrender charges. Other ...