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Economy

“Annuity [Insurance] sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates”

“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…