Annuity sales hit high record last year amid market fluctuations, fear and high inflation
Amid stock market fluctuations, fears of recession and higher interest rates, consumers last year pumped a record amount of money into annuities. Annuity is a type of insurance which offers a sure income stream. The amount funneled by buyers into annuities is $310.6 billion in last year, as per the estimates released by Limra, a trade group…