Market Watchers: Annuity Surrenders May Continue Their Momentum in 2025: Surrender benefits increased 19% year-over-year through the second quarter of 2024, according to a Best's Special Report.(Annuities)

Annuities boomed in the United States in recent years as equity markets, higher interest rates and an aging population all contributed to record demand. The U.S. Federal Reserve began raising interest rates in March 2022 to combat rising inflation. Mike Downing, executive vice president and chief operating officer of Athene Holding Ltd., said surrenders are…