Annuities forecast climbs as FIAs rebound from fiduciary slump
May 24, 2018 by Tobias Salinger
After a sales slump across all types of annuities last year, the insurance products are poised for a greater rebound in 2018 after a jolt from new purchases of fixed-index annuities.
The LIMRA Secure Retirement Institute has revised its predicted growth in total sales for the year to between 5% and 10%, up from a forecast of 0% to 5% in October. The industry research organization released the new estimate on May 22.
Total sales of all types of annuities ticked down by $200 million year-over-year to $51.8 billion, but David Lau, whose firm DPL Financial Partners is a distributor to the fee-only channel, sees RIAs as a major growth channel for new fixed-index annuity offerings.
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