Rising Interest Rates Scramble Annuity Sales Forecasts

May 17, 2022 by John Hilton

Annuity exchanges could become big business over the coming quarters as short-term fixed-rate deferred contracts expire.

It is part of a business climate supercharged by the rise in interest rates, said Todd Giesing, assistant vice president, Secure Retirement Institute Annuity Research.

“The pace of change is just unbelievable and trying to keep up with it is a challenge for the insurers,” he said. “But it’s also an opportunity.”

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Originally Posted at InsuranceNewsNet on May 13, 2022 by John Hilton.