Consumers seeking investment protection coupled with growth opportunity drive unprecedented sales, LIMRA reveals.
Latest annuity sales report from LIMRA Secure Retirement Institute finds FIA sales had highest sales ever during Q2 2019.
The Secure Retirement Institute (SRI) is forecasting U.S. annuity sales will struggle in 2020, but are expected to rebound in 2021.
Secure Retirement Institute’s latest data shows third quarter total annuity sales were up 13% from Q2, but remain well below 2019 sales levels.
IRI calls amendments to streamline and simplify critical disclosures for investors in variable annuity and life insurance products a “major leap forward.”
The first quarter of 2023 experienced the highest quarterly annuity sales ever recorded, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
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.
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.
While 2017 annuity sales totals are still tracking toward a decline, the Institute has revised its 2018 forecast and now predicts a 5% increase of overall annuity sales next year.
Latest sales report shows a 2.2% increase over 1Q 2021 deferred annuity sales.