Annuities Can Be Tricky for Advisors to Buy and Manage. How Insurers Hope to Change That.
September 6, 2023 by Karen Hube
Annuity companies have been trying to win over more wealth managers and independent investment advisors for years. They have lowered contract expenses, built new types of annuities to address common retirement planning risks, and created fee-based versions of traditional commissioned annuities.
Now, annuities look better than ever after rising interest rates boosted payouts and guarantees. Five-year fixed annuities are paying up to 5.4%, for instance, topping yields on certificates of deposit and Treasuries.