Top 5 Awesome annuity changes may take place with rising rates! Things for agents to look forward to

Increasing interest rates will have widespread effects in the Fixed Annuity world.

The obvious: Higher accumulation rates are just better in general for business. As a broader client base becomes available, there will be a natural increase in interest in fixed annuities. Fixed Annuities will continue to attract the most risk-averse investors, but we will also see interest from those willing to take a chance for a few extra percentage points of yield. Furthermore, existing clients will be easier to retain at the conclusion of the term because the agent will be able to give them even better rates than the first sale. This results in a happier client.

Less known: Shorter term or no surrender product can be reintroduced or created.

Agent commissions can and have increased.

More client friendly features will be available at the most competitive rates.

Immediate Annuity internal rate of return (IRR) will increase. When compared to other income 'now' options, the SPIA will be a true contender.

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IMPORTANT INFORMATIONThis material is for informational or educational purposes & is not a recommendation to buy, sell, hold or rollover any asset. It does not take into account the specific financial situation, investment objectives, or need of an individual person. Withdrawals may be subject to ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty. Surrender charges may also apply. All guarantees are backed by the claims-paying ability of the issuer. Available in jurisdictions where approved.