Annuity sales hit a record last year, surpassing sales during the 2008 financial crisis amid concerns and higher rates
Tim Pepper | optical disc | Getty Images Amid stock market volatility, recession fears and higher payments, consumers poured a record amount of money last year into annuities, a type of insurance that provides a guaranteed income stream. Buyers moved $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry …