New York Life and Immediate Annuities
By positioning Immediate Annuities as "guaranteed lifetime income," New York Life has built itself a $1.4 billion per year business by 2009. However, to make Immediate Annuities a mainstream financial product for retirees, New York Life must understand why many retirees are reluctant to buy them and many agents are reluctant to sell them.
Collection: HBSP (USA)
Ref: HBS-510040-E
Format: PDF
Number of pages: 22
Publication Date: Nov 2, 2009
Language: English
Review date: Mar 30, 2011
What material is included in this case:
Description
By positioning Immediate Annuities as "guaranteed lifetime income," New York Life has built itself a $1.4 billion per year business by 2009. However, to make Immediate Annuities a mainstream financial product for retirees, New York Life must understand why many retirees are reluctant to buy them and many agents are reluctant to sell them.
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Year: 2009
Geographic Setting: United States
Industry Setting: Insurance
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