‘Double Down or Get Out’
July 6, 2021 by Kerry Pechter
If you haven’t done so already, t’s time to consider how the low interest rate environment has transformed the life/annuity business over the past ten years. And to assess the roles that reinsurers and big buyout firms continue to play in that transformation.
This week, Principal Financial became the latest life/annuity company to announce that it would focus away from selling most individual annuities. Only a day later, Ameriprise announced that it would sell in-force life insurance and annuity blocks to Global Atlantic.