A. Just as in the wake of the 2008 financial crisis, there is a rising interest in annuity products among financial advisors and their clients. The overall macro-environment creates undesirable rates for all financial products, annuities are about risk transfer rather than rate return ...
Specifically, there are 3 reasons why people should consider annuities:
- Despite undesirable returns, annuities is all about a bond alternative, because your alternatives' returns are even lower.
- Like any insurance products, annuity is about protection, it protects your assets from further losing value in market turmoils.
- The most unique feature of annuity is its income for life, this is something no other products could replace.