5 States Where Annuity Replacements Are Rare
January 18, 2022 by Allison Bell
Individual fixed annuity holders may be a lot more content with their contracts in some states than in others.
In 2020, consumers in a typical state replaced about 28 annuity contracts for every 100 new contracts they purchased.
Consumers in Utah were much quicker to replace their annuities: Issuers there replaced 35.2 contracts for every 100 new contracts they issued.
But in five states, consumers replaced fewer than 20 individual fixed annuities for every 100 new contracts issued.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on January 14, 2022 by Allison Bell.
Categories: Industry Articles