5 Annuity Bills in Congress Now
May 10, 2022 by Melanie Waddell
Changes to the annuity landscape will likely be ushered in this year with the anticipated passage by the Senate of the Securing a Strong Retirement Act of 2022, or Secure Act 2.0, which would make it easier to use qualified longevity annuity contracts in retirement plans, among other changes.
In the meantime, total U.S. annuity sales are on the rise.
Sales increased 4% to $63.6 billion, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.