Annuity Primary Product Objective?
March 21, 2023 by Sheryl J. Moore
I am thinking of taking every annuity in the AnnuitySpecs database, and assigning a “Primary Product Objective” to it.
This is because of the industry’s recent trend of classifying annuities as being either for “accumulation” or “income.”
That said, I do not want to overlook anything. So, I need to hear from my marketers!!
Do you see any other “Primary Product Objective” for annuities, outside of accumulation or income?
I appreciate your help!
*SN: I protest against this classification, as every annuity is for accumulation AND income, but I also need to respond to the ever-changing needs of my customers.** -sjm