At a time when many many have written off variable annuities due to increased cost, dwindling benefits, and declining sales, Sammons remains bullish.
Some insurers are getting out of what was once a robust market for variable annuities with optional living benefits riders as interest rates plummet.
For the last several years, FINRA’s Priority Letters have indicated that variable annuity exchanges are priorities for FINRA’s reviews.
BlackRock Inc. said it’s turned bearish on credit and government bonds.