One Product From Life Insurers That’s Selling Itself Right Now
November 8, 2022 by Cyril Tuohy
“Consumers are flocking to fixed and indexed annuities because the yields on certificates of deposit are still abysmal,” said Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report.
“I have multi-year guaranteed annuities that are crediting 4.90% annually, for three years,” she added. “Why would anyone lock into a five-year CD at 0.94% when they can achieve a greater yield and guarantee a lifetime of income with the annuity?”