Queries Spike For Annuities With Life-Only Guarantees
February 8, 2018 by Cyril Tuohy
Queries for life-only guarantees on income annuities rose to 26 percent of all queries last year from 22.4 percent in 2016. This comes as advisors value a higher payout over a death benefit, an annuity data tracking service has found.
In 2015, only 20.5 percent of advisor queries were for life-only guarantees on income annuities, annuity data supplied by CANNEX USA has found.
“When we looked at the data internally that kind of raised some eyebrows,” said Gary Baker, president of CANNEX USA.
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