New York Life Lands at #1 and #2 in Annuities

Posted in Annuity , Life Insurance

September 29th, 2009

New York Life Insurance Company has made some impressive leaps and bounds in 2009′s first quarter by ranking number 1 in income annuities and number 2 in total annuity sales. The number 2 ranking in total annuity sales represents a leap from number 13 one year ago, while the company has maintained its status as number 1 in income annuities since 2006.

The good news for New York Life represents more than a victory for the company alone. It also represents a victory for the economy. It means that while we’re still in the middle of a tough recession where millions of jobs and homes have been lost, Americans are still finding the financial strength to put some money away for their retirements. Not only that; they are finding that they can somewhat trust the idea of retirement savings.

We still have a ways to go before the economy will recover. But it’s good to know that small steps in the right direction are obviously being taken by citizens. The numbers just don’t lie. For New York Life, investment annuities are up 91 percent from first quarter of 2008, while income annuities are up 76 percent.

People are slowly but surely finding the courage to take chances for their retirements. So what about you? Do you feel that the time is now to get back into the game by put some of your money into annuities?