02.25.25

5 Years After Average Initial Fixed Annuities Premiums Jumped, A Wave of Maturities Looms

by: Allison Bell

The typical fixed-rate contract for individual fixed annuities sold in 2020 had a five-year surrender charge period, which will be up this year. The end of surrender-charge periods for individual fixed annuities could impact annuity issuers, say Bob Jiang Huang and other analysts at Morgan Stanley. Though some of the more than $70 billion in cash could flow out of annuities altogether, industry observers predict that much of it will become assets under management inside registered index-linked annuities.

Read the full article on Think Advisor