President Donald Trump went to the World Economic Forum and jolted financial markets around the world by emphasizing his interest in seizing control of Greenland, which is now a territory of the Kingdom of Denmark.
The Dow Jones Industrial Average dropped almost 871 points, or 1.78%, to 48,388.85.
The S&P 500 index fell 143 points, or 2.06%, to 5,796.94.
Nasdaq sank by 561 points, or 2.39%, to 22,954.32.
Clients with traditional fixed annuities or fixed indexed annuities lost no recorded contract value. They could look at the indexes on their phones, shake their heads and go back to worrying about the Super Bowl.
But is that really all there is to it?
For five ideas about what the new geopolitical turmoil means for annuity owners, annuity issuers and annuity advisors, see the gallery accompanying this article.
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