The FIDx Five: Will the Annuity Market Stay Hot?
Retirement, Annuity, & Fintech Insights
As LIMRA forecasts a strong second half of 2023, experts weigh in on the continued boom in annuity sales and its implications. Read more about that and the four other stories in this week’s “The FIDx Five.”
Why Annuities Are the Investment of the Moment
Favorable economic conditions, such as robust equity market performance and favorable interest rates, fuel an unprecedented rise in annuity sales.
Source: InsuranceNewsNet, “Annuity sales up 27% through six months, LIMRA reports,” 8/29/23
From Underdog to Leader
Just a year ago, Athene was ranked seventh; now it tops the charts in annuity sales, outpacing even long-standing industry titans.
Source: Life Annuity Specialist, “Athene’s Q2 YTD Annuity Sales Soared 132% Over Last Year,” 8/30/23
IRI Pushes Annuities to the Forefront
With only 18% of advisors using annuities in their financial planning, the Insured Retirement Institute is set to introduce resources that highlight their importance in providing lifetime income and asset protection.
Source: Financial Advisor Magazine, “A Way to Make Annuities Easier For Advisors Is On The Horizon, Industry Officials Say,” 8/28/23
Fed's Rate Hike Pause Supported by August's Labor Market Performance
The latest job numbers, showing 187,000 jobs added in August and a slight uptick in unemployment to 3.8%, suggest the Federal Reserve could hold off on further interest rate hikes.
Source: U.S. News & World Report, “Employers Add 187,000 Jobs in August Led By Health Care and Hospitality,” 9/1/23
Retirement Doesn't Mean Quitting
As the number of full-time U.S workers over 65 hits 5.3 million, explore the best low-stress job options to advise your senior clients on income-generating opportunities post-retirement.
Source: Yahoo!, “Retired but want to work? Try these 10 low-stress jobs for seniors, 9/4/23
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