Women are living longer, and after the scare of the financial crisis, concern among them has increased about not having enough money to last their lifetimes.

Enter income annuities; New York Life Insurance Co., the largest mutual life insurance company in the United States, announced this month that 64% of its record $1.9 billion in fixed immediate annuity sales last year was to women purchasers.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access