Income Annuities Offer a Silver Lining in a Down Market

Annuity sales in 2012 declined overall compared with 2011, but were stable compared to 2010 levels, according to a report from The Insured Retirement Institute (IRI), based on data from Morningstar Inc. and Beacon Research. Income annuities, however, continued to post record sales in Q4 2012, as consumers look to generate guaranteed lifetime incomes.

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