Withdrawals Surge at MassMutual as Policyholders Contend with Inflation

November 28, 2022 by Aaron Smith

“That information would seem to suggest that consumers are not cashing out their policies, in order to take advantage of improved interest rates on new policies,” said Sheryl Moore, chief executive officer of Moore Market Intelligence and the publisher of Wink’s Sales & Market Report.

She said this activity could apply to cash value life insurance policies like universal life, indexed universal life, variable life and whole life.

“It is possible that fewer people are cash surrendering their life insurance because of Covid being in the rearview mirror,” she said.

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Originally Posted at Life Annuity Specialist on November 28, 2022 by Aaron Smith.