10.04.24

Annuities Can Help Clients Survive a Strong Economy: David Byrnes, CDO at Security Benefit

by: Allison Bell

Life insurers are making the case that a non-variable annuity can also help clients cope with the ups and downs of an uncertain economy. No matter what the Fed and interest rates do, annuities “offer a safe haven for assets,” according to David Byrnes, chief distribution officer of Security Benefit. A fixed annuity can help shield a client against the effects of an economic downturn, and it can also protect a client against the possibility of stable or slowly drifting interest rates hurting stock prices, Byrnes said.

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