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When the stock market dips, annuity sales often skyrocket—and the numbers back it up. In 2021, U.S. annuity sales surged to $254.6 billion, a 16% increase from the previous year and the highest level since the Great Recession. 👉 Source: InsuranceNewsNet Fast forward to 2024—annuity demand is booming globally. In the U.K., insurers sold £7 billion worth of annuities, up 34% from 2023. 👉 Source: Financial Times It’s clear: when the market gets shaky, people look for safer, guaranteed income opti
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A salesman receives 3% commission on the sales up to ₹ 50,000 and 4% commission on the sales over ₹ 50,000. Find his total income on the sale of ₹ 2,00,000. | Shaalaa.com
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