FIAs ‘at a sweet spot right now,’ Security Benefit exec says

October 16, 2024 by Susan Rupe

The Federal Reserve made headlines in September by slashing its benchmark interest rate by a half-point. That direction of lowering interest rates makes it a good time for clients to lock in rates on investments such as fixed annuities before rates go down even further.

David Byrnes, senior vice president and chief distribution officer at Security Benefit, told InsuranceNewsNet that fixed income assets such as fixed annuities and fixed indexed annuities play an important role in an individual’s retirement planning. 

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Originally Posted at InsuranceNewsNet on October 9, 2024 by Susan Rupe.