Fixed annuities are on a tear
September 18, 2018 by Greg Iacurci
Fixed annuities have been on a tear this year, with sales seeing double-digit growth across several product categories amid rising interest rates and easing regulatory pressure.
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At the close of 2015, right around the time the Fed began its shift from rock-bottom rates, fixed-rate deferred annuities were paying an average of 2.82%; today, their average rate is up to 3.08%, according to Wink Inc., which tracks annuity data. The average point-to-point cap on indexed annuities has also increased, to 5.37% from 3.81%, over the same period, according to Wink.