The need for a consistent income clinched the top spot in a recent survey as the primary reason for purchasing annuities. Find out more and stick around for the four other stories in this week’s “The FIDx Five.”
Income Eclipses Other Factors
See why the quest for a steady income stream has overtaken other reasons for buying annuities.
Source: InsuranceNewsNet, “Income tops annuity buyers’ reasons for purchase, study says,” 5/24/23
Sales Explosion
After being absent from the fixed-annuity market, Prudential re-entered the game. Here's why sales exploded.
Source: Life Annuity Specialist, “Prudential Sales Numbers Show How Crazy Fixed Annuity Market Is,” 5/24/23
Shadows Over Sunset
A gloomy outlook pervades Americans' retirement sentiments as their confidence plummets to an 11-year low.
Source: CNN, “Americans’ outlook on retirement darkens to an 11-year low,” 5/24/23
Risk and Reward
Apollo's high-stakes venture into the insurance arena is under scrutiny.
Source: Bloomberg, “Apollo's Big Bet on Insurance Put to Test,” 5/22/23
Safety Net Allure
With growing concerns about a looming recession, the appeal of guaranteed lifetime income is on the rise.
Source: CNBC, “Guaranteed lifetime income gains appeal amid worries a recession is coming,” 5/23/23
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