Demand growing for fixed indexed annuities
September 28, 2015 by Peggy Bresnick
The market for fixed indexed annuity (FIA) is strong and rapidly growing. FIA sales increased 24 percent during the past year, rising to $48 billion in 2014, according to a recent study from the Insured Retirement Institute (IRI), 2015 Fixed Indexed Annuity Distribution Trends.
The IRI study surveyed 15 broker-dealers/distributors across all third party channels to form a picture of how the landscape for these products is evolving, and how distributors are managing the rapid growth of FIAs. It revealed that fixed indexed annuities (FIAs) are quickly becoming a more important part of broker-dealers’ annuity business. Click HERE to read article