Article | 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.
Read the full article on Wall Street Journal