Debt Deal Could Spur Annuity Sales

Annuity sales could climb in the wake of the Congressional agreement on Tuesday to raise the debt ceiling by $2.4 trillion, according to annuity experts.

InsuranceNewsNet reached out to the experts for an early reaction to how the Congressional action will affect the annuity business.

Paul McGillivray, senior vice president for advanced marketing at Creative Marketing, Leawood, Kansas, says he thinks that the annuity industry has a “better chance of having a better market for annuity sales this way than if Congress had not struck its compromise deal.”

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Adagio Capital Advisors is based in Southwest Florida.