Expect solid growth for indexed annuities through 2023
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.
Variable Annuities
AIG takes top overall spot in annuity sales during record-breaking 2018
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.
New leader quick to update IRI’s mission and vision
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.
6 big annuity carriers boost Envestnet Insurance Exchange platform launch
Independent advisors can gain access to robust selection of variable, structured, fixed and indexed annuities on single, integrated platform.
Vacated Fiduciary Rule, higher interest rates lead to record 2018 annuity sales
Total annuity sales have best quarter in a decade, led by fixed annuity sales hitting all-time high, LIMRA Secure Retirement Institute reports.
FIAs smash sales record for second straight quarter, up 38% from 3Q 2017
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 advocates react warmly to proposed SEC rule on VA disclosures
The Securities and Exchange Commission’s recent introduction of a proposal that would modernize the process of disclosing information about variable annuities was met with cries of “it’s about time” from annuity industry advocates.
Ohio National exits annuity market, shifts to exclusive focus on life and disability income lines
Under the new plan, effective September 15, the company will no longer accept applications for annuities or new retirement plans, while continuing to service and support existing clients in both businesses. As a result of this decision, the company will reduce its workforce by approximately 300 positions.
Total annuity sales jump 10% in 2Q 2018; FIAs shatter quarterly sales record
New LIMRA Secure Retirement Institute report shows increase bumped by spike in fixed indexed annuity sales.
Total annuity sales expected to improve through 2019
Improved economic and regulatory conditions have prompted LIMRA Secure Retirement Institute to forecast total annuity sales to increase 5-10% in 2018 and improve up to 5% in 2019.
