2018 Life/Annuity Outlook Marked by Slow Growth
February 27, 2018 by Cyril Tuohy
Sales of individual fixed annuities are likely to be flat or slightly higher in 2018 as annuities compete with money market and short-term bond funds, according to a new survey.
Fixed annuitiy sales fell by 8 percent to $108 billion in 2017 over 2016, noted the forecast by insurance ratings house A.M. Best Co.
The Department of Labor’s fiduciary rule, to which insurers and distributors are slowly adjusting, and low interest rates are also expected to create sales drag this year, according to A.M. Best’s 2018 life and annuity market preview.
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