Why clients want the new fixed indexed annuities
September 8, 2014 by Robert Bloink, William H. Byrnes
Fixed annuities have taken the market by storm this year, as carriers have responded to growing client demand for financial products that provide a guaranteed level of income. Much of this growth, however, has been driven by a new crop of fixed indexed annuity products that have been designed to allow clients to participate in gains generated within the wider investment markets. While market conditions today are perceived to be relatively stable in comparison to those seen in recent years, many clients are still wary of the potential for severe losses, which has motivated carriers to develop a type of hybrid fixed indexed annuity product that allows clients greater potential for participation in market gains, while still minimizing the risk of loss. Click here to read…