Getting Personal: As Annuities Evolve, Complexity Grows
Dow Jones Newswire (03/14/03) p.A3; Whitehouse, Kaja

Principal Financial Group, American Skandia, and Golden Retirement are among the insurers offering new variations on immediate annuities, as part of what experts say is a growing trend to provide the insurance products with a variety of features. Industry experts, who forecast even more new variations in immediate annuities will be released during the coming years, say the trend is part of insurers' attempts to appeal to the 77 billion baby boomers who are edging closer to retirement. The experts warn, however, that the slew of new options could make shopping for immediate annuities more complex and more confusing for consumers.


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