Rising Rates Pushing Sales of Deferred Annuities Higher
March 28, 2023 by dkorth@finsum.com
While rising interest rates might make things difficult for life insurance company risk managers, they were great for individual fixed annuity sales in the fourth quarter of 2022. According to new issuer survey data from Wink, overall sales of all types of deferred contracts increased 30% between the fourth quarter of 2021 and the fourth quarter of 2022, to $79 billion.
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Originally Posted at Nasdaq on March 20, 2023 by dkorth@finsum.com.
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