New York Life Reports Record Sales of Fixed Immediate Annuities

New York Life Insurance Company reported record sales of fixed immediate annuity products for the third quarter of 2010.

The nation's largest mutual life insurer reported $1.3 billion in fixed immediate annuity sales--an increase of 4 percent over the same period last year.

According to EVP for Retirement Income Security Chris Blunt:

“We’re on pace to achieve a seventh consecutive year of record sales of lifetime income annuities.  Americans are more actively taking personal responsibility for their financial needs in retirement and seeking safe and secure solutions as a foundation on which to build,”


Source: New York Life Insurance Company

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