RILA, FIA Sales Drive Total Annuity Sales to 12% Spike in Q2

[Insurance Forums Staff]

Insurance Forums Staff submitted a new article

RILA, FIA Sales Drive Total Annuity Sales to 12% Spike in Q2

LIMRA: Record-high sales of Registered Index-Linked and Fixed Indexed Annuities drive overall sales growth

Continue reading the Original Article.

 

[Tahoe Ray]

Insurance Forums Staff submitted a new article

RILA, FIA Sales Drive Total Annuity Sales to 12% Spike in Q2

Continue reading the Original Article.

RILA sales will eclipse FIA inside of 3 years. I have no doubt on that.

 

[ejbarraza]

Why aren't indexed VULs as popular as RILAs?

 

[Tahoe Ray]

Why aren't indexed VULs as popular as RILAs?

Can't use your retirement account to buy a VUL.

 

[ejbarraza]

Can't use your retirement account to buy a VUL.

True, but the tradeoff is that the RILA is pre-tax and the VUL is post-tax. Thanks to the SECURE 2.0 we are going to be seeing more RILAs and VULs come to market which should lead to innovative crediting strategies.

 

[Tahoe Ray]

True, but the tradeoff is that the RILA is pre-tax and the VUL is post-tax. Thanks to the SECURE 2.0 we are going to be seeing more RILAs and VULs come to market which should lead to innovative crediting strategies.View attachment 10069

It's not a trade off. It just is what it is.

65yo has 2m in their retirement account, they're already stuck there.

35yo can put away an additioal 5k/mo, great for VUL.

Guess which one is more common.

 

[Allen Trent]

Why aren't indexed VULs as popular as RILAs?

Most RILA are already qualified lump sums that can't be rolled into life insurance. The rest of RILA are lump sums of after tax money that also can't easily go into a VUL without causing it to be a MEC or require ongoing funding like many life contacts will.