Life insurers hurt themselves, reader says

April 10, 2020 by Letter to Editor

‘It’s hard to imagine a multi-trillion dollar industry that has done more to neuter its own influence over national economic policy,’ writes David Macchia (in photo), CEO of Wealth2k, Inc., in a letter to Retirement Income Journal.

Dear RIJ editor:

Thank you for your excellent April 2 article, “The ‘Fed Put’ Hurts Annuities—and Retirees”) While I understand that it may be tempting to blame Trump, and perhaps Powell caved, in reality the plight of life insurers is due more to what’s been a decades-long inability or unwillingness on the part of that industry to communicate its inherent (and unmatchable) advantages.

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Originally Posted at Retirement Income Journal on April 8, 2020 by Letter to Editor.