Annuity Sales in Q2 Spike to Highest Levels in More Than a Decade
Total sales up 39% from same period a year ago as guaranteed income products rebound from pandemic.
Principal Exits Retail Life, Fixed Annuity Sales
Results of strategic review initiated by activist investor mean big changes for Des Moines-based global financial company, which will now focus on its higher-growth businesses in effort to make it a more capital-efficient company.
Annuity product line sales expected to rebound in 2021
Secure Retirement Institute forecasts dramatic possible 30% growth for total annuity market by 2025.
Annuity sales off to strong start in 2021
Secure Retirement Institute: Strong economic factors drive first quarter annuity sales growth; RILAs continue hot streak
Annuity sales poised for most growth among IBDs: Survey
Insurers believe the independent broker-dealer channel is the most likely to see growing annuity sales in the next few years, a recent survey finds.
Annuity sales in Q3 up over last quarter but still lag last year’s pace
Secure Retirement Institute’s latest data shows third quarter total annuity sales were up 13% from Q2, but remain well below 2019 sales levels.
Why new agents should sell to Baby Boomers
David Duford explains why this particular demographic provides a great opportunity for agents.
Life insurance customer satisfaction flatlines despite pandemic
J.D. Power study shows State Farm ranks highest in individual life insurance while Nationwide, New York Life tie for highest in annuity.
Pandemic contributes to 24% drop in Q2 annuity sales
Through first six months of 2020, total annuity sales were $104.4 billion, 16% lower than prior year, with fixed indexed annuities falling to lowest quarterly total since 2015.
Pandemic, low interest rates combine to cripple Q2 annuity sales
Registered index-linked annuity sales growth the lone bright spot as overall annuity sales decline 24% according to latest Secure Retirement Institute report.