RILAs Take The FIA Road In This Crisis
August 26, 2020 by Steven A. Morelli
Consumers are rushing to safety as they did early in the Great Recession, but they are running toward different products during this economic downturn – and that trend is likely to continue even in this ultralow rate environment.
That is one of the projections to expect from Todd Giesing, senior director, annuity research, Secure Retirement Institute, and Teddy Panaitisor, senior research analyst, SRI, during their session, “The Sky Is Falling – How Plunging Financial Markets Affect The Annuity Market” scheduled for Tuesday afternoon during LIMRA’s Life & Retirement Virtual Conference.
Although the title refers to plunging equity markets, the researchers said they would be focusing on what is happening with products now and projecting into the next few years if things remain fairly constant.