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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