Why Annuity Sales Are Booming
March 6, 2024 by Ben Mattlin
Last year, according to data tracker Limra, U.S. annuity sales reached $385 billion, marking the second straight year of record highs.
Limra attributed this sales run to a combination of rising interest rates, market volatility, demographic shifts and greater demand for retirement-income security.
All true, no doubt.
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Wink’s Moore on the Market: “Not all annuities have lifetime income benefits.”
Ben Mattlin– that’s pure poppycock.
EVERY annuity provides guaranteed lifetime income that cannot be outlived. -sjm
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