09.23.24

Annuities Are Changing, and So Are Advisors' Attitudes

by: Josh Welsh

Michael Robinson, a business development consultant at Synchronize, notes that advisors are increasingly utilizing annuities for various purposes, such as income gap planning, longevity planning and as a bond alternative. The growing life expectancy of clients has also heightened the need for strategies that ensure long-term financial security, with annuities emerging as a valuable tool in this regard. “People are asking about longevity,” he added, pointing to a Limra consensus. “It seems like they're asking for an annuity, but the question is, are advisors understanding what clients are asking for, and what is the best way to use an annuity to de-risk the portfolio?”

Read the full article on InvestmentNews