Not exact matches
Any product changes and enhancements or
new launches will complement the company's
annuity product families and not «pivot» from one
type of annuity at the expense
of another, she said.
Some financial companies are designing
new types of retirement income products that package features
of an income
annuity with features
of a bond fund...
New York regulatory guidance highlights that explaining the variations between different
types of immediate and deferred
annuities can prove challenging however.
To qualify, the old policy and the
new policy must be
of the same
type (e.g.
annuity to
annuity) and have the same owner and insured person.