Deferred fixed income annuities gain popularity as retirements last longer

09/23/2013 | Time.com

Deferred fixed income annuities now make up the fastest growing section of the $219 billion annuity field as boomers nearing retirement seek guaranteed lifetime income. For a large single payment today, a consumer will set up guaranteed income that starts later but lasts to the end of life. The Insured Retirement Institute says many investors are drawn to deferred fixed income annuities because they provide easy access to funds, allow for inflation adjustments and guarantee payouts to heirs.

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