In 2005, 40% of Indexed Annuities Sold Had This. Today? 1.6%.

January 10, 2023 by Aaron Smith

Sheryl Moore, CEO of market research firm Wink, thinks the monthly summing method appeared in about 2004. The following year, two-fifths of fixed-indexed annuities sold had this feature.

Last year, through the first three quarters, only 1.6% did, a stunning decline. MassMutual Ascend, the former Great American, is phasing out the monthly summing option on certain annuities, according to Moore, who also publishes Wink’s Sales & Market Report. MassMutual Ascend didn’t comment.

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Originally Posted at Life Annuity Specialist on January 9, 2023 by Aaron Smith.