Hot annuity sales signal shift in aging investors’ risk appetite

July 13, 2021 by Lynnley Browning

Are annuities getting a new lease on their polarizing image?

The complicated insurance products have long been divisive as an investment strategy. Proponents argue they can safely beef up an aging worker’s retirement portfolio and provide reliable income in later decades. Critics call them a bad investment that’s aggressively marketed by commission-hungry advisors and cheesy infomercials.

Either way, specific breeds are surging in sales. The winners? Contracts that are tied to stock market indices and known as [structured annuities] or registered index-linked annuities (RILAs.)

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Originally Posted at Financial Planning on July 6, 2021 by Lynnley Browning.