New Market Takes Shape: Deferred Income Annuity Product Helps Redefine Retirement Market as Sales Hit $1 Billion by EON

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NEW YORK--(BUSINESS WIRE)--New York Life today announced that its new Guaranteed Future Income Annuity1 (GFIA), a flexible way to generate lifetime income in the future, exceeded $1 billion in premiums since its July 2011 introduction. In the process, the product led the way in establishing a new retirement income market for pre-retirees who want to turn their retirement assets into a lifetime stream of income when they retire. “Pre-retirees recognize the value that guaranteed income provided to a style='font-size:

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