Lifetime Income in Defined Contribution Plans: A Fiduciary Approach 3 the payments, and the question is how a fiduciary acts prudently in making that selection. The selection of a lifetime income provider is not inherently different from any other decision that must be made by plan fiduciaries, and it does not require a crystal ball. Summary of Lifetime Retirement Income Lifetime Asset Management Limited (known as Lifetime) offers the opportunity to invest into a fund that, with the use of an insurance policy, guarantees fixed cash payment every year until you die. Variable annuities are long-term investment products that […]
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