Annuities’ New Golden Age Probably Isn’t Over Yet
September 24, 2024 by Telis Demos
It has been a historic couple of years for annuity sales, fueled by the highest interest rates in a generation. Will falling rates put an end to that?
For eight years through 2021, sales of U.S. annuity policies averaged around $230 billion a year, according to Limra, an insurance industry-funded research firm. In 2022, when the Fed began raising rates aggressively, they surged to $313 billion. They hit $385 billion in 2023. And sales in the first half of this year were 19% ahead of where they were the first half of last year, according to the preliminary results of Limra’s survey.
Click HERE to read the full story via WSJ
Wink’s Moore on the Market: Telis Demos with The Wall Street Journal believes that the Golden Age of Annuities hasn’t hit yet.
I agree. -sjm
