A number of insurance companies such as MetLife Inc. and Prudential Financial Inc. are including more and more annuities products as offerings for 401(k) plans, according to Dow Jones.

The companies are selling deferred annuities that will later convert into income-annuities, which pay a pension-like stream of income in return for a lump-sum investment.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.