How to Navigate Producer Licensing Complications to Sell Annuities
July 5, 2023 by Holly Monroe
At the height of the pandemic, heightened fears and a greater awareness of mortality drove consumers away from annuities and increased demand for life insurance products. Now, as the world enters another year of “post” pandemic life, we’ve seen those fears edged out and replaced with a renewed interest in investing for guaranteed income after retirement.
Consumers’ recent increased interest in annuities is in large part driven by the fear of economic uncertainty and the possibility of a recession, much like during the 2008 financial crisis. Multiple sources show a surge in annuity sales, and it seems consumers are especially interested in purchasing fixed and fixed-indexed annuities – two of the lower risk options available.
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