Why annuities are growing in popularity
December 26, 2024 by MassMutual Strategic Distributors
Annuities are increasingly popular among Americans seeking guaranteed retirement incomes. To learn what’s driving sales, who’s buying them and what types are available, SmartBrief discussed the market with Matt DiGangi, who heads MassMutual Strategic Distributors’ annuity distribution.
SmartBrief: This year has seen record sales in annuities in the US. What do you think are key drivers of that trend?
Click HERE to read the full Q&A via SmartBrief
Wink’s Moore on the Market: Matthew DiGangi, MBA, CLTC at MassMutual has some ideas about why annuities are growing in popularity.
Nothing truly groundbreaking, for those of us that are in the trenches every day…
I enjoyed reading this piece, but was perplexed about the omission of guaranteed lifetime withdrawal benefits (GLWBs) on indexed and structured/RILA annuities.
Maybe the reason is simply because these rider/product combinations were outside the scope of Wade Pfau‘s research, which was sponsored by MM?
Inquiring minds want to know! -sjm
