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Fixed Annuity Sales Weaken As Interest Rate Decline

Friday, Nov 29 2019
Markets & Investments
Written by  PFA News
Fixed Annuity Sales Weaken As Interest Rate Decline

U.S. sales of individual non-variable deferred annuities totaled $29 billion in the third quarter, an approximately 12% decline from the same period a year ago, which could be a result of lower interest rates. So reports Think Advisor.

When the spread narrows between the returns annuity companies can earn and what they pay to annuity owners, insurance companies may raise their product prices, trim product features or curtail sales.

Read the full article from Think Advisor.  

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