News | 07.15.22
Investors Pour Cash Into Higher-Yielding Fixed Annuities
Second-quarter sales of various types of annuities are projected to top $74 billion, setting a record, according to data from Limra. That would be more than $5 billion above the previous record, which occurred in the volatile fourth quarter of 2008 at the peak of the financial crisis. One of the appeals of fixed-rate annuities is that they don’t lose value the way bond funds have in recent months as interest rates rose, said Todd Giesing, Limra’s head of annuity research.
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