Investors want lifetime benefit guaranteesNews added by ProWEB Media on June 17, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

The Insured Retirement Institute reports that more than 81 percent of U.S. consumers in the variable annuity market want a lifetime guarantee of income.

Meanwhile, the most popular lifetime guarantee consumers chose was a lifetime withdrawal benefit, which provides a protected stream of income for life.

And, about 70 percent of variable annuity sales flowed into products that offered a set percentage withdrawal from the account for life -- a decline from 78 percent in the fourth quarter of 2009.
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