Equitable has announced a drop in annuity rates for several of their annuity products.
They explain that the downward pressure on yields – particularly for short durations – has resulted in a drop in annuity rates. The Secure Savings and Secure Savings Elite rates will drop 10 bps effective 12/4/19.
The same downward pressure is also impacting the FIA but to a lesser degree. Due to efficient option purchases, Equitable says they can absorb most of the negative impact caused by lower yields. Teton and Teton Bonus are not changing for the month of December.
