No. of Recommendations: 2
At least the states with well- funded insurance regulators (NY, NJ, Calif.) aren't letting these puppies come to market -- but beware in the other 47 states.

http://online.wsj.com/article/SB1000142412788732346860457824...

Regulators in some of the biggest states have yet to approve these "contingent deferred annuities." They are worried that lifetime-income guarantees sold on a mass scale could be harmful to insurers' financial health if markets were to slide as they did in 2007-09, putting insurers on the hook for massive payouts.

<snip>

One of the few new guarantees on the market comes from Aegon NV's AGN.AE -4.43% Transamerica Advisors Life Insurance unit. Buyers pay an annual fee of 0.85% to 1.75% of the value of a portfolio built from an approved list of mutual funds and exchange-traded funds. That comes on top of underlying fund fees.

</snip>


intercst
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement