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  • Accumulation Annuities Due To Grow Up To 35% By 2023: LIMRA

    April 26, 2019 by LIMRA Staff

    LIMRA Secure Retirement Institute (LIMRA SRI) predicts that while both income-focused annuity product sales and accumulation-focused annuity product sales will grow in the next five years, accumulation annuity sales will grow at a much faster pace.

    LIMRA SRI is forecasting accumulation-focused annuity products to grow 30-35% by 2023. Of the income-focused annuity product sales, those that offer deferred income are predicted to grow 10-15% while LIMRA SRI forecasts immediate income product sales to increase 15-20% by 2023.

    Click HERE to read the full story via INN.

     

     

    Wink’s Note: Most indexed annuities today have GLWBs that calculate the benefit base using the indexed gains on the contract. Further, most GLWBs are optional. So, you can not narrow-down if the product was an “accumulation sale,” based on product? While certainly electing a GLWB gives an indication that it is an “income sale,” annuitants can also get income (and usually more of it!) through annuitization.

    Originally Posted at InsuranceNewsNet on April 25, 2019 by LIMRA Staff.

    Categories: Industry Articles
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