Employers consider adding annuities to retirement offerings

04/25/2014 | Employee Benefit Adviser

More employers are turning to annuities to help employees gain retirement security, experts say. Small and midsized employers are showing the greatest interest in the product. "The growing popularity of these products shows the expanding market of consumers looking for certainty through guaranteed lifetime income," says Cathy Weatherford, CEO of the Insured Retirement Institute.

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