Indexed Annuities Expected to Help Annuity Industry Grow to $368B
The United States’ annuity market has been drastically affected by the economic downturn. Consumers have been less inclined to purchase fixed annuities given their lower rates and insurers have backed away from guaranteed variable annuities given their associated risks. Fortunately, fixed indexed annuities have taken up the slack given that they have guarantees similar to straight fixed products while also having upside potential dependent upon an index of some kind similar to variable annuities. In a new report, North American Annuities, 2012: Market Trends and...
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