Indexed product sellers see ‘attractive’ markets after Fed rate hikes
June 22, 2022 by John Hilton
When the Federal Reserve announced a historic 0.75-percentage-point rate hike last week, it sent many financial markets into a chaotic state. One market that should benefit from the rate hike, however, is the annuity marketplace, experts say. Specifically, indexed products, which thrive on offering stability when the financial landscape is most unstable.
Wink’s Note: The Fed rate hikes will not be the only boosters to indexed annuity sales.
Don’t forget that when markets tank, indexed annuity sales go up.
Plus- CD rates are still sitting at less than 0.50%. That means indexed annuity sales are going to go up as well.
Record sales, anyone? – sjm