Investors Select Annuities in Philadelphia

Many people have begun to realize that the Social Security system will face some major restructuring and changes for the coming decades, and many people are preparing for reduced payments by increasing their retirement investments. Simultaneously many employers are reducing pension and retirement packages, and this too is forcing individuals and families to think long and hard about their own financial futures. Many of these consumers are turning to annuities as an answer.

Thousands of consumers
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Forecast for Life Insurance Industry Challenging, LOMA Resource Survey Finds

With the economy in crisis, the 2009 forecast for the life insurance industry is challenging, according to executives surveyed by LOMA's Resource magazine... According to participants: In 2009, life insurance sales will hold steady, premium growth will be modest, but profits will decrease. Stock market volatility and the implosion of venerable financial institutions in 2008 have made consumers wary; consequently, variable products will be vulnerable as consumers move to more fixed products with guarantees. On
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