"Treasury's QLAC regulations are a step in the right direction toward helping individuals better manage longevity risk. Deferred income annuities like the QLAC offer an efficient way to target longevity exposure by guaranteeing income in the later years of an individual's life. Plan sponsors may want to consider QLACs as an option when they review available retirement income solutions. In the long term, these regulations likely will spur innovation and potentially may create a more diverse marketplace with broader solutions for plan sponsor consideration. In the short term, sponsors will need to carefully review alternatives and may have limited available choices."

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