WASHINGTON ( TheStreet) -- The steady evaporation of pensions, the asset-sucking sting of the recession and the prospect of Americans living deeper into their retirement years is driving insurers and the government alike to ratchet up a push for annuity products.According to government projections, married couples have a 47% chance that at least one of them will reach their 90th birthday. In addition to the risk of outliving assets, sharp declines in financial markets and home equity during the last few years and the continued increase in health care costs have intensified workers' concerns about having enough savings and how to best manage retirement savings.
Retirement Debate Focuses on Annuities
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