New York Life is staying out. Prudential isn't ready to jump in, and may never be. MetLife's interested but is still working things out.
The business of offering qualified longevity annuity contracts, or QLACs, in group retirement plans just isn't gaining much traction this year, roughly a year since the Department of Treasury gave insurers the green-light to market them.
How this might influence the development of QLACs in employer-sponsored plans is unclear, but it doesn't seem to bode well.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
