A life and annuity distribution veteran says advisors can still match most clients with products.
The Wall Street Journal recently ran a prominent article about COVID-19, low interest rates and investment market turmoil reducing U.S. consumers’ access to life insurance.
Some life and annuity distributors post streams of copyrighted, for-financial-professionals-only carrier product announcements on the web. The streams are shielded from general public eyes mainly by the fact that members of the general public aren’t typically scouring the web for glimpses of carrier product announcements. Those announcements show that many carriers have been lowering crediting rates on annuities and limiting or eliminating the sale of benefits guarantees.