MVA Annuity Sales Were Wicked Hot: IRI
April 9, 2019 by Allison Bell
Annuity market trackers at the Insured Retirement Institute (IRI) are seeing even more heat in the market-value adjusted (MVA) annuity market than the LIMRA Secure Retirement Institute is.
The LIMRA institute analysts have estimated that overall U.S. sales of individual annuities increased to $63 billion in the fourth quarter of 2018, up 23% from the year-earlier quarter, with MVA annuity sales increasing 36%, to about $3.4 billion.
IRI analysts reported Monday that total annuity sales increased 23.5%, to $59 billion, with MVA annuity sales climbing 61%, to $4.1 billion.
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Click HERE to view Wink’s Sales & Market Report, 4th Quarter, 2018.