A group of five trade associations sent a letter to the leadership of the House Financial Services Committee today urging them to bring the Registration for Index Linked Annuities (RILA) Act to the House floor for a vote.
Wink’s 100th Sales & Market Report shows total second quarter sales for all categories of deferred annuities increased 12.8% compared to the same period last year.
Latest sales report shows a 2.2% increase over 1Q 2021 deferred annuity sales.
Secure Retirement Institute research says total annuity sales last year were highest since 2008.
Secure Retirement Institute’s latest data shows third quarter total annuity sales were up 13% from Q2, but remain well below 2019 sales levels.
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.
Registered index-linked annuity sales growth the lone bright spot as overall annuity sales decline 24% according to latest Secure Retirement Institute report.
The Secure Retirement Institute (SRI) is forecasting U.S. annuity sales will struggle in 2020, but are expected to rebound in 2021.
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.
Secure Retirement Institute report also finds registered index-linked annuities break quarterly sales record, topping $5 billion.