Over the past decade, the US economy has shifted and interest rates have steadily decreased. Popular financially conservative products like the multi-year guaranteed annuity (MYGA) and the single premium immediate annuity (SPIA) have been shelved during this low-interest-rate environment. However, as the economy starts to shift back towards higher interest rates, what does that mean for the future of these products?
In this episode of Money Script Monday, Sal unpacks how two products that have been on the sidelines for years can now be utilized in tandem by ultra-conservative clients.
Resources Provided for This Episode
Want consumer-friendly videos sent to your inbox every week? Sign up to receive to receive LifePro's weekly Money Script Monday video series providing financial clarity, dispelling myths, and showing you how money works in 10 minutes (or less). Subscribe now!
Have any questions? Give us a call at 888-LIFEPRO or email us at info@lifepro.com.
Want to learn more about how we can help with your unique financial situation? Fill in your contact information below, and we'll get started right away!