Puny Treasury yields could trigger more cuts to annuities – and agents’ commissions
With key 10-year Treasury yields touching an all-time low, insurers may have to rein in annuity benefits even further. That's bad news for the carriers -- not to mention brokers and clients.
Given the gyrations in the stock market — including another big sell-off today — annuities are suddenly a hot property. But low Treasury yields, sparked by investors' flight to safety, could be a deal breaker for insurers as their profitability from the products declines.
The yield of t
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