With interest rates still on the rise and an unpredictable stock market, many consumers are looking for ways to protect their wealth these days. One of the most attractive options on the market is ‌fixed-rate annuities. In the first quarter of 2023, sales of fixed-rate annuities with five-year rate guarantees skyrocketed to 48.6%, according to Wink’s Sales & Market Report. This is more than 10 percentage points higher than the 35.4% from a year earlier.

John Poston