Brighthouse Sees Strong Annuity Sales, But Expects Decline In 2021

February 17, 2021 by John Hilton

While Brighthouse Financial fixed annuity sales were great in the fourth quarter, the company does not expect that to continue into 2021, said Conor Murphy, executive vice president and chief operating officer.

Fixed annuities represent a small share of the Brighthouse annuity line, but was a recent bright spot for sales. However, rates decreased from about 1.5% to around 1% in the fourth quarter, Murphy said.

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Originally Posted at InsuranceNewsNet on February 12, 2021 by John Hilton.