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Amidst Continued Concerns About the Economy and COVID-19, Consumer Confidence in Life Insurance Industry at All-Time High

Nearly eight months into the pandemic, Americans’ concerns about COVID-19 and the U.S. economy persist. According to LIMRA’s latest Consumer Sentiment study, fielded in early October, nearly 3 in 5 consumers report being “very” or “extremely concerned” about the virus and half report this level of concern regarding the economy.

LIMRA: Despite Growing Concerns About the Pandemic and the Economy, Americans Report the Highest Level of Confidence in Insurance Companies

More than 19 months into the pandemic, fewer than 2 in 5 Americans say their lives are mostly back to what they were pre-pandemic. In LIMRA’s October 2021 Consumer Sentiment Study, Americans’ unease about the pandemic and the economy have increased in the last six months.

Rising Interest Rates: Consumer Woes and Investor Wins

While rising interest rates mean higher rates on credit cards, mortgages, and loans, they also translate to attractive yields and guarantees for investment products. How will this dynamic affect the annuity industry?

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