Fixed-annuity sales continue to soar. So, what will market conditions need to be to see variable contracts rally? Discover what the future may hold—along with four other thought-provoking stories to check out in this week’s “The FIDx Five.”
Fixed For Now?
Could variable annuities see a comeback by year’s end? Nationwide’s Eric Henderson, president of the company's annuity unit, says, “yes.”
Source: ThinkAdvisor, “Annuity Winds Might Be Shifting: Nationwide Executive,” 2/23/23
A Look Back at Recession Sales
2001. 2008. 2020. Here’s how annuity sales have done in the recessions of the 21st century—and where things could go next.
Source: Life Annuity Specialist, “How Do Certain Products Sell in Recessions? We Took a Look.” 2/22/23
Lincoln: Ranked as Most Trusted
Lincoln Financial Group is No. 1 in a new look at 40 companies. The carrier came up as the most recognized annuity provider for financial professionals, according to a new Cogent report.
Source: Yahoo, “New Report Finds Lincoln Financial Group Is Most Recognized Annuity Provider Among Advisors,” 2/22/23
A Different Target Date Strategy
Could deferred lifetime annuities be a smart alternative for future retirees? Find out why some may want to take another look at adding annuities to their strategies.
Source: MarketWatch, “This simple, clever idea could replace traditional target-date funds,” 2/23/23
2022: Nearly a Quarter of Savings Gone
401(k)s were down 23%. IRAs down 20%. See why last year was not kind to retirement savers, according to a new report from Fidelity.
Source: CNBC, “Retirees lost 23% of their 401(k) savings in 2022, Fidelity says,” 2/23/23
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