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The Best Annuities For Income and Growth

Barron's, 2022-07, Vol.102 (30), p.15-22

Copyright Dow Jones & Company Inc Jul 25, 2022 ;ISSN: 1077-8039 ;EISSN: 2769-9692

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  • Title:
    The Best Annuities For Income and Growth
  • Author: Hube, Karen
  • Subjects: Annuities ; Bear markets ; Interest rates ; Investments ; Life insurance ; Portfolio management ; Securities markets ; Stock exchanges
  • Is Part Of: Barron's, 2022-07, Vol.102 (30), p.15-22
  • Description: To help frame the various annuity categories, how they work, and the best offers these days, Barron's tapped Cannex, an independent research firm specializing in retirement products, as well as company data to compile a list of 100 competitive contracts based on common investor objectives and a set of assumptions, such as an investor's age and investment size. Because many annuities are designed to last for the long term, only contracts from companies with an AM Best financial-strength rating of A- or above were considered. [...]quarter total annuity sales were the highest on record at $77.5 billion, according to Limra's Secure Retirement Institute, an insurance researcher in Windsor, Conn., which predicts total annual sales will top the record of $265 billion set in 2008 and tally up to between $267 billion to $288 billion. For the first time, Barron's included fixed-indexed annuities as asset accumulators in our annual top 100 table. [...]this year, low interest rates have depressed the caps on these contracts to levels that made their benefits questionable. First you have the MYGA, and fixed-indexed annuities are the next step," says Mike Downing, executive vice president at Athene.
  • Publisher: New York, N.Y: Dow Jones & Company Inc
  • Language: English
  • Identifier: ISSN: 1077-8039
    EISSN: 2769-9692
  • Source: ProQuest Central

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