Low Rates Still Pushing Annuity Buyers Toward Variable Products
January 31, 2022 by Allison Bell
The Federal Reserve Board appears to be ready to start raising the interest rate benchmarks it controls, but low rates continued to reshape the U.S. individual annuity market in the fourth quarter of 2021.
Sales of traditional fixed-rate annuities fell sharply, according to preliminary results of a Secure Retirement Institute issuer survey.
Sales of products with rates that change — traditional variable annuities, non-variable indexed annuities and, especially, registered index-linked annuities, or RILAs — climbed more than 10%.
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