Annuity Rates Plummet, Commissions Might Be Next

March 18, 2020 by Steve Morelli

Annuity companies have been cutting their rates across all fixed products – some a few times in two weeks amid the crash in equity markets and Treasury yields, said an annuity analyst.

“I track about 80 annuity companies,” said Sheryl Moore, CEO of Wink. “As of yesterday, I had 75 rate reductions just since March 1.”

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Originally Posted at InsuranceNewsNet on March 12, 2020 by Steve Morelli.