With all the talk about Americans not saving enough for retirement, New York Life Insurance Company announced on Monday a new type of deferred income annuity that allows individuals to create a “personal pension” to ensure retirement income.

The Guaranteed Future Income Annuity allows individuals to set aside a portion of their retirement savings into a future guaranteed income stream that they can’t outlive.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access