Education and Awareness Will Increase Annuity Sales
December 23, 2020 by Harry N. Stout
Annuity sales have hit a rough spot in 2020 as consumers adjust to the economic impacts of the pandemic, including the harsh reality that interest rates are going to be historically low for at least the near term.
These impacts have given consumers a very loud financial wakeup call about the need to protect their incomes and cash flow.
During the pandemic, consumers have gotten first-hand exposure to the reality that their governments cannot be the insurer or funding source of last resort for their key financial needs, including health care, food security and unemployment compensation.