Investors Pour Cash Into Higher-Yielding Fixed Annuities
July 18, 2022 by Leslie Scism
Losses on stocks and bonds, plus higher interest rates, have turned investors toward fixed-rate annuities, a haven that is offering decent yields for the first time in years.
Second-quarter sales of various types of annuities are projected to top $74 billion, setting a record, according to life-insurance-industry-funded research firm Limra. That would be more than $5 billion above the previous record, which occurred in the volatile fourth quarter of 2008 at the peak of the financial crisis.
Click HERE to read the full story via WSJ
Originally Posted at The Wall Street Journal on July 15, 2022 by Leslie Scism.
Categories: Industry Articles