Annuity gross sales hit file in 2022 amid larger rates of interest and worry

Tim Bieber | Photodisc | Getty Pictures Amid inventory market gyrations, recession fears and loftier payouts, customers final 12 months pumped a file sum of cash into annuities, a kind of insurance coverage that provides a assured revenue stream. Consumers funneled $310.6 billion into annuities in 2022, in keeping with estimates printed by Limra, an … Read more

Health insurance terms to learn as open enrollment begins

Halfpoint Images | Moment | Getty Images It’s open enrollment season, the time each year when millions of American workers and retirees must choose a health plan, whether new or existing. But picking health insurance can be a dizzying venture. Health plans have many moving parts — which may not come into focus at first … Read more