Flight to safety propels New York Life, others to top of annuity hill
September 7, 2022 by John Hilton
The macroeconomic factors dominating 2022 are about as dramatic as it gets: 8-9% inflation rate, interest rates up 2% and the Dow Jones down 10%.
To annuity buyers and sellers, it signals one thing: a flight to safety. In other words, a turn away from riskier, equity linked products toward safer, guaranteed rate return products such as fixed annuities.