Advisors Waiting to See How Bolt-On Annuity Income Spigots Work
August 21, 2022 by Allison Bell
David Anderson, the CEO of Merit Life Insurance has a tough job: Persuading advisors and their clients that letting retirement savers attach an annuity spigot to just about any sensible, diversified asset portfolio will work.
Merit Life is a Shelton, Connecticut-based company with backing from the investment firm 777 Partners, just 14 employees in its corporate offices in Charlotte, North Carolina, and an opportunity to help create the small — but closely watched — market for “contingent deferred annuities.”
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