The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
According to A.M. Best, it grew 3 percent in the first six months of this year. Net operating earnings for the U.S. life/health industry are also up, having increased 19.5 percent to $23.3 billion in the first half of 2012...
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