Immediate Annuities Updated by New York Life


	Immediate Annuities Updated by New York Life

financemama

10-27-2009 1:20 PM

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immediate annuities, best annuities, annuities, annuity

financemama says:

New York Life Insurance Co. is rolling out a new no-load version of their immediate annuities which they hope will be more attractive to fee-based advisers.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2f760724-ad45-4b18-b8c6-855f4d6f55a3/6227ED52-A0E9-4284-B3CA-D117DD99DD00/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/" href="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/" style="font-size: 11px;">www.annuityfyi.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/"><H2><A title="Permanent Link: Immediate Annuities Updated by New York Life" rel="bookmark" href="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/">Immediate Annuities Updated by New York Life</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/"><P>In order to attract more advisers, New York Life Insurance Co. is changing their <A target="_blank" href="http://www.annuityfyi.com/immediate-annuities.html" title="immediate annuities">immediate annuities</A> by introducing a no-load version.  This information comes from <EM>Investment News</EM>‘ “Take a load off: New York Life set to tweak immediate annuities to draw advisers” by Jessica Toonkel Marquez.  This no-load immediate annuity is geared towards fee-based advisers because it is believed that this product will be more widely accepted.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.annuityfyi.com/blog/2009/10/immediate-annuities-updated-by-new-york-life/"><P>New York Life’s Vice President Matthew Grove stressed the company’s strong belief in annuities that offer lifetime income while he was at Money Management International’s fall conference.  He also said that the no-load immediate annuity should be available early next year.  Currently New York Life only offers immediate annuities in a load-version.  They plan to make this no-load version easily understandable for advisers so that they are willing to and excited about selling the <A target="_blank" href="http://www.annuityfyi.com/compare-best-annuity-rates.html" title="best annuities">best annuities</A> to their clients.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6227ED52-A0E9-4284-B3CA-D117DD99DD00/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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