More employers (11%) already offer annuity or insurance products within their 401(k) plans such as variableannuity features or guaranteed minimum withdrawal benefits, and of those employers not offering these features, 3% are very likely and 13% are somewhat likely to add them this year, according to the Aon Hewitt report.
Moreover, insurance companies are set to unleash an onslaught of flexible annuity products, such as Lincoln Financial's i4Life plan, which is a variableannuity that hedges against inflation, puts a floor under income payments and provides a death benefit if your die before 85.