Fixed annuity sales hit record $117.4 billion in 2016
February 21, 2017 by LIMRA
In 2016, total fixed annuity sales hit a record-breaking $117.4 billion, 14 percent higher than 2015 levels and nearly $7 billion higher than 2009 (when sales were last at their highest), according to LIMRA Secure Retirement Institute’s Fourth Quarter U.S. Annuity Sales survey.
LIMRA Secure Retirement Institute’s fourth quarter U.S. Individual Annuities Sales Survey represents data from 96 percent of the market.
After strong results in the first three quarters, fixed annuity sales fell 13 percent to $25.7 billion in the fourth quarter.
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Wink’s Note: Wink’s Sales & Market Report, 4th Quarter, 2016 will release annuity sales mid-March after the completion of all insurers’ year-end earnings calls to avoid sales estimates for our subscribers convenience. Click HERE for Wink’s news releases.