Indexed annuities boast strong 1Q
Private annuities will not be required in pension plans, despite the recent buzz about the topic. Indeed, some of the current proposals contain ideas that would be politically difficult to implement – such as mandatory annuitization. Nevertheless, the burgeoning government interest in the use of annuities in retirement planning will overcome stiff resistance from various industry groups – leading to increased use of annuities in pension plans.
Indexed annuities are turning out to be a bright spot in an otherwise depressed environment for annuity sales.
Indexed annuities are turning out to be a bright spot in an otherwise depressed environment for annuity sales.
Sales of indexed annuities, in which returns are based on the performance of a stock market index, increased by 14% to $8.1 billion in the first quarter, according to data from LIMRA.
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