1. Clients could swarm on life and annuity products with benefits guarantees like ants on a candy bar that fell under the picnic table.
Sales of products such as non-variable indexed annuities and non-variable indexed universal life insurance policies soar, as clients flocks to arrangements that can protect them against further drops in stock prices but help them share in gains if and when prices go back up.
Author(s): Allison Bell
Publication Date: 16 June 2022
Publication Site: Think Advisor