Annuity Market Will Cool in 2023 as Interest Costs Soar: Expert Forecast
A tumbling stock market and higher interest rates are forcing consumers to buy annuities. Due – Due According to LIMRA, a trade group for the insurance industry, annuity sales in the third quarter of 2022 approached $80 billion, just beating the $79.4 billion record set in Q2. It’s an impressive 27% increase over last year. […]