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Fed Rate Cut Could Speed Up Some Annuity Sales
By
Allison Bell
News September 19, 2024 at 11:51 AM
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What You Need To Know
- Many life policies and annuities were written when the federal funds rate target range was from 0.25% to 0.5%.
- After the cut announced Wednesday, the target range will be 4.75% to 5%.
- Many clients can still get higher rates by replacing products written before 2022.
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