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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 01, 2005 at 07:00 PM
U.S. consumers seem to expect to see interest rates continue to rise.[@@]
Researchers at Beacon Research Publications Inc., Evanston, Ill., have published data supporting that conclusion in a report on the firm’s quarterly FA market survey.
The survey includes data for 182 U.S. fixed annuity products from 47 manufacturers.
In the market for “book value annuities,” which pay a fixed rate but do not impose a “market value adjustment” on early withdrawals, the percentage of sales involving 1-year interest guarantee periods held steady at about 90%.
But, in the market for annuities that impose market value adjustments on early withdrawals, the percentage of products sold with interest guarantee periods of just 1 year jumped to about 43% during the third quarter, from 18% during the comparable quarter in 2004.
Overall sales of fixed annuities fell about 25%, but sales of immediate fixed annuities rose 26%, possibly in response to widespread publicity about the need for retirees to lock in steady streams of income, Beacon researchers say.
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