In the cash-flush days of pre-economic meltdown America, annuities were derided as old news – products purely for the elderly and only for glacial wealth accumulation.
Post-2008, advisors hoping to reassure their clients that their drained retirement accounts can gradually be rebuilt are beginning to look more fondly on the security and upside potential of variable annuities.
A study released Monday at the IRI Marketing Summit, conducted by AllianceBernstein, suggests that more than half of all financial advisors have begun to recommend including VAs as part of a healthier and more diverse portfolio of investment options. The survey targeted licensed advisors with Series 6 and 7 credentials.
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