The rate of growth in the annuities market is increasing primarily because of the recent changes in the capital gains tax rates.

Question

Quizplus · Accepted Answer

The statement is false. While changes in tax rates may have some impact on the annuities market, the primary reasons for its growth include factors such as an aging population, increased interest in guaranteed income streams, and volatile stock markets driving investors towards more stable, fixed-income investments.

The Rate of Growth in the Annuities Market Is Increasing