More Transparency and Innovation for Annuities
Annuities have been around for hundreds of hundreds of years. In fact, history tells us that even the Romans, ancient Greeks, and Italians were using vehicles that resembled (although were called something different) annuities centuries before the United States was founded. And over this long time frame, annuities have gradually become more consumer friendly and much more innovative. Just look back 20 years ago. The only annuity offerings were a simple fixed annuity, a SPIA, and a variable annuity with a handful of sub-accounts. Today’s...
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