New sales forecast from LIMRA’s Secure Retirement Institute predicts IA sales will continue to drive sales growth while variable annuities see further declines before rebounding in 2022.
New LIMRA SRI study of annuity owners finds the top two reasons consumers buy annuities are to supplement Social Security/pension income and to receive guaranteed income payments for life. Two-thirds of pre-retirees say having enough money to last their lifetime is one of their top three goals of retirement.
Upcoming edition of Wink’s Sales & Market Report for deferred non-variable and structured annuity sales shows 22% growth for indexed annuities compared to the first quarter of the year.
For the first time since 2007, AIG Companies has taken over as the top seller of annuities according to recently released data from the LIMRA Secure Retirement Institute.
Year-to-date, Fixed Indexed Annuity sales are 22% higher than the first three quarters of 2017. Variable annuity sales continue to rebound, increasing 25% from prior year according to 3Q sales report from LIMRA Secure Retirement Institute.
Annuity industry insider shares accomplishments at REACH event less than two months into his tenure, including unveiling a set of strategic priorities for 2019 and quarterly “town hall” conference calls.
Variable annuity sales dip 9%, marking first time in 20 years that annual VA sales fell below $100 billion. Jackson National Life, New York Life and Allianz Life top sales in variable annuities, fixed annuities and indexed annuities, respectively.
Wink’s Sales & Market Report finds total deferred annuity sales only declined slightly in the first quarter of the year in spite of the coronavirus pandemic.
Industry-wide annuity sales up slightly according to IRI’s First Quarter 2018 Annuity Sales Report.
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