Random Thoughts About Current Conditions in the Industry
Steven D. McDonnell
Recently we’ve been contemplating the unique advantages our industry has in times like these – when the market is turbulent and interest rates are rising – which usually prompts investors to seek out annuities for their protective features. Rising interest rates have allowed insurers to make their annuities yet more enticing, by raising crediting on fixed and indexed annuities and enhancing their guaranteed living benefits. Sales have been surging as a result...