The two companies, both based in New York, said in a statement that the deal will make MetLife "the largest individual life insurer in North America, based on sales." In addition to buying Travelers ...

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Are Annuities Good, Bad or Ugly? It depends on your needs, and on the type of annuity. An annuity is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life.

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