Why are annuities up more than 40% over the last year?
Obviously, interest rates went higher earlier in the year. MGYA business is up over 36% over last year, which is to be expected.
However, an interesting tidbit is that Fixed Indexed Annuities (FIAs) are up over 57% over last year. We understand the MYGA growth, as the interest rate is attractive. But why are FIAs up over 57%?
Call us, and let’s talk about the opportunity that is out there. Someone you know—a client, friend, or acquaintance—is buying an annuity right now. Let’s get them to buy it from you! We are here to make it easy for you!