Ameriprise Continues to Adjust Life and Annuity Products for Low Rates
January 31, 2022 by Allison Bell
Executives at Ameriprise Financial are hoping the Federal Reserve will move forward with pushing interest rates higher soon, but they are going to shape the company’s life insurance and annuity products to reflect the current low-rate environment.
Walter Berman, the Minneapolis-based financial services company’s chief financial officer, said the idea of a rate increase has would-be buyers looking at what could happen to the performance of blocks of insurance business, and especially at what could happen to the performance of long-term care insurance blocks.
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