NY Advisors Offered First Fixed Annuity with Lifetime Withdrawal Benefit
January 9, 2018 by Cyril Tuohy
Insurance agents and financial advisors with clients living in New York State thirsting for a fixed annuity with a guaranteed lifetime withdrawal benefit finally have one, courtesy of New York-based insurance giant AIG.
Assured Edge Income Builder-NY is the first fixed annuity with a guaranteed lifetime withdrawal benefit (GLWB) offered in the Empire State, the company said.
GLWBs, more commonly associated with variable annuities and indexed annuities, have turned up in fixed annuities more recently.
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