Annuities Have Never Been More Attractive, Athene Exec Says
March 21, 2023 by Jacqueline Sergeant
Consumers are flocking to annuities. And that’s expected to continue as recession fears linger, according to an executive at Athene, an insurance company based in West Des Moines, Iowa.
“People are a little fearful of keeping their money in equities and having all that risk exposure, and buying annuities is absolutely a way to take some of that risk off the table,” said Adam Politzer, chief product officer at Athene.
He said the company’s annuity sales are the best it has seen in more than a decade and that this has been driven by the higher yield environment. Athene offers what it calls a “spread-based product,” which means that its annuities are manufactured by investing in other fixed-income instruments.
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