Deferred-income annuities are making their mark on the insurance world, shaping up as more than an esoteric niche product.
Since New York Life first introduced its DIA about two years ago, these annuities have quickly gained in popularity, growing to a $395 million market in the first quarter of 2013, which was 147 percent higher than the first quarter of 2012, according to new LIMRA research.
Mark Paracer, senior research analyst at LIMRA, said the past year has seen lots of activity surrounding DIAs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
