Retirees are living longer, creating a new star financial product
The push for guaranteed lifetime income has turned a former wallflower insurance product into a popular choice.
Saturday, September 21st 2013, 11:44AM
by Ralph Stewart
Deferred fixed income annuity sales hit $1 billion last year, up from almost nothing a half-decade ago, and this is now the fastest growing corner of the $219 billion annuity world.
Ralph Stewart is a director of NZ Income.
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