The money must go somewhere

November 5, 2024 by Roger Aucoin

Over the past several years, record-breaking fixed-rate deferred annuity sales have been driven by elevated interest rates and the fact that they offer much more yield than money markets and low certificate of deposit rates do. FRDs’ rate appeal — along with complete protection of principal — means clients can rest easy knowing that no matter the market volatility, their principal is protected and they will be guaranteed to have more money in their FRD contract tomorrow than they do today.

From the onset of the pandemic (and in years prior), most FRDs were sold in shorter-term durations — generally three- and five-year contracts, which is another selling point for them.

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Originally Posted at InsuranceNewsNet on November 1, 2024 by Roger Aucoin.