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Of a Summer Solstice


Today is not only the official start of summer it’s also Father’s Day, and I hope you all are enjoying the longest day of the year and giving deserved tribute to all the dads out there.

Are their brighter days ahead for the annuity industry? I think so. Lately my thoughts have turned to fixed-indexed annuities, and tomorrow’s issue of my report will cover what I found in digging through FIA news and filings. In a nutshell, I found that side of the business to be crackling with activity, despite a major drop in sales last year, due to a toxic combination of the COVID-19 pandemic and historically low interest rates. This derailed several years of indexed annuity momentum.

I suspect that FIA carriers are coming up with fresh ideas to compete with their peers and other annuity types, and to prepare for an eventual rebound in interest rates, which, I suspect, will bring sales back with a vengeance.

Rising rates and relief from COVID-19 related economic restraints should help all annuity types. What the industry will need to watch out for, however, is the possibility of repeating mistakes of the past – which often arose when times were the sunniest.


Thinking About Consistency featured-image

Thinking About Consistency

As I write this, I am in a hotel room for a short stay as I travel southward for a family wedding.  Perhaps later in the summer I will make time for a full-blown vacation,... Read more

Concerning Seasonality featured-image

Concerning Seasonality

Here in Portsmouth, we have a warm and sunny day albeit a bit breezy. Spring is making itself felt, little by little. Which brings me to the theme of this post, which came to mind... Read more

Experiential Reality featured-image

Experiential Reality

Over my years covering the industry I’ve often thought that more information on actual client experiences should be shared, in the interest of transparency and education. As one actuary I know who owns multiple annuities... Read more