In a Low Interest Rate Environment, Annuities Are More Efficient Than Bonds

The insurance carriers have to love this. To michael's point about people running fror the hills those pensions and ance care s, they have to love the fact that rates are falling a little higher for them. A lot of times people think, in a low interest rate environment you should hold off on the annuity. But really, if you're in retirement and you need to fund spending, the case for the annuity is stronger in aLow interest rate environment. It remains strong as interest rates creep up. And we are still below historical average interest rates.