Insights | 07.25.22
After a Blistering 2022 in Life/Annuity Sales, Expect a Cooler 2023, S&P Says
The boost in interest rates this year has unleashed a wave of annuity sales, pushing products such as fixed-rate deferred annuities to all-time highs. That momentum will likely lose steam into the next few years, according to a report from S&P Global, partly because of the high bar that sales have set. S&P expects ordinary life direct premium will drop to 2.8 percent this year, down from 10.7 percent in 2021.
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