2013 Fixed Annuities Forecast: Kim O’Brien on Annuity News Now

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NAFA President Kim O’Brien:

“These are unprecedented times in America. The number of retirees is increasing exponentially year after year and seniors are living longer. There’s a continued volatile and soft stock market and a sustained low-interest environment. Despite these economic and demographic realities, in addition to other challenges, the outlook for the annuity marketplace is shining with unlimited opportunities.

As a participant in this industry for almost three decades, I have seen many boom and bust markets. Periods of high interest and periods of low interest. New regulations and legislation. However, I have never witnessed such a shackled economy or regulatory and litigious fever. Nonetheless, our industry has always met challenges with innovation and creativity. The fixed indexed annuity, for example, was the answer to a sustained soft bond market. Meeting challenges with innovation is the story of our industry and a story in which we can all take pride.”

Watch the full video interview here: http://www.annuitynewsnow.com/.

 


NAFA, the National Association for Fixed Annuities, is a national trade association exclusively dedicated to promoting the awareness and understanding of fixed annuities. NAFA is the only association whose sole purpose is advocating for the fixed annuity product.

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