Annuity Rates Plummet, Commissions Might Be Next
March 18, 2020 by Steve Morelli
Annuity companies have been cutting their rates across all fixed products – some a few times in two weeks amid the crash in equity markets and Treasury yields, said an annuity analyst.
“I track about 80 annuity companies,” said Sheryl Moore, CEO of Wink. “As of yesterday, I had 75 rate reductions just since March 1.”