Fixed-rate annuity sales in the first quarter are expected to more than double over a year ago. Life Annuity Specialist takes a look at what is driving the trend.

Ibexis’ Ryan Lex sits down with Insurance Newsnet’s to talk about why MYGA’s have more than doubled between 2021 and 2022.

Read Best’s Review’s February article about how Annuities had a banner year in 2022 — even as volatility struck the equities markets.

Price hikes were widespread across sectors of the economy in 2021, according to the Federal Reserve’s Beige Book (December 2021). Rising interest rates sent bond prices lower, posting their first losses since 2013, and the prospect of continued rising interest rates could have a negative impact on bond markets in 2022.

With millions of Americans entering retirement over the next decade, many will benefit from the unique features of annuities. Although the core and defining value of annuities is guaranteed lifetime income, deferred annuity products offer various combinations of downside protection and upside potential.

Higher inflation means advisors need to be more efficient in positioning client assets for retirement, says Wade Pfau, professor of retirement income at the American College of Financial Services and a prolific author, his most recent book being the “Retirement Planning Guidebook.”