Home / Blog / Sales of Variable Annuities Fall, But Prices Increase

Sales of Variable Annuities Fall, But Prices Increase

Despite a 15% drop in sales of variable annuities over the past year, Matt Ackermann from Financial-Planning.com reports that several insurers are actually increasing their prices! Some are even predicting that variable annuity prices may double in the near future.

While it may not make sense to increase prices when demand has fallen, the director of annuity firm Kehrer-Limra chalks it up to the increasing cost of a variable annuity’s benefits and guarantees. He also says that many companies fear that the recession will continue for a long time, making it even harder to recoup the cost of providing investors with guaranteed minimum income benefits in a bad stock market.

Share Button
Comments are closed.

 

Copyright © 2018 AFYI Holdings Group, LLC. All Rights Reserved. No part of this article may be reproduced without the express written consent of AFYI Holdings Group, LLC.

Annuityfyi.com - Prefooter

Contact

Mailing Address:

1165 NE 105 St.
Miami Shores, FL 33138

Email:

support@annuityfyi.com

Phone:

(866) 223-2121

Follow Us On

Click for the BBB Business Review of this Annuities in Miami Shores FL

Copyright © 2019 AFYI Holdings Group, LLC, All Rights Reserved

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest