U.S. Annuity Payments fell in 2016, Varies by State
U.S. annuity payments fell 4.1% in 2016 from 2015, according to a report from the National Association of Insurance Commissioners and the Center for Insurance Policy and Research. The NAIC found states fared differently -- for example Nevada’s annuity payments fell 29%, Rhode Island’s fell 14%, New Hampshire increased by 14% and Washington D.C. increased by 12%.
As for the 5-year distribution, there was a downward trend for annuity considerations, but individual fixes and indexed annuities experienced an upward trend. The trends may be the result of low interest rates. Annuity considerations fell 1.7% over the past five years, while the individual fixed annuity payments increased by 21.8%.