Aligning factors should help accumulation annuities see big growth in coming five years Any retirement planning product line that sees a major boost in utilization over a five-year period is sure to attract some attention.
Perhaps it will be the case if a new forecast from the LIMRA Secure Retirement Institute (LIMRA SRI) comes to fruition.
Income-focused annuity product sales are predicted to grow 10%-15%, while immediate income products are expected to increase 15%-20% by 2023.Additionally, LIMRA SRI predicts accumulation-focused annuity product sales will grow at a much faster pace—a hefty 30%-35% over the same period.According to LIMRA SRI research, less […]
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