Income Annuity Buyers May Be Getting More Patient
July 22, 2020 by Allison Bell
U.S. income annuity buyers seem to be waiting longer for their income streams to start.
Cannex Final Exchanges Ltd., a financial product pricing information firm, has put data on income annuity benefits start dates in an analysis of the transactions processed through its own quote system.
Cannex included only quote requests submitted by advisors and annuity support desks that pay to use Cannex services.