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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.

MORE>> http://business.time.com/2013/09/21/retirees-are-living-longer-creating-a-new-star-financial-product/

Ralph Stewart is a director of NZ Income.

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