HARTFORD, Conn., Nov. 16, 2023 /PRNewswire/ — Until recently, 401(k) plans have largely focused on plan member asset accumulation, but with the increasing numbers of retiring baby boomers, the demand for solutions that manage the assets accumulated over four decades and provide a guaranteed income, is rapidly growing. This demand is giving rise to guaranteed income products that benefit both the plan members and insurance companies.
"Insurers are actively developing and launching innovative products that generate guaranteed income for retirees while also providing the ability to manage assets," said Manu Mazumdar a Vice President and Lead Retirement Industry Analyst at […]
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