Will the Multi-Year Guaranteed Annuity Spigot Run Dry?
May 20, 2025 by Allison Bell
This might be a good time for clients who like annuities with high guaranteed rates to act, because some big issuers are starting to sound less interested in offering the product.
The possibility that the window for good deals on multi-year guaranteed annuity contracts might be closing emerged from the recent round of earnings calls for the first quarter.
Wink’s Moore on the Market: Allison Bell at ThinkAdvisor asks-
“Will the Multi-Year Guaranteed Annuity Spigot Run Dry?”
No, I say.
As long as MYGA rates are more competitive than CD rates, these products will keep selling.
Insurance companies may make the rates less attractive, but I don’t see them dropping rates below the 2.00% average Certificate of Deposit credited rate. (Thank you, Bankrate!)
The highlight of this article?
Chris Blunt from F&G referring to MYGA sales as “lumpy.” 😀
-sjm
