Non-Variable Annuity Sales Continue to Climb
June 4, 2019 by Allison Bell
Maybe Elon Musk and Jeff Bezon should try using MYGA contracts to make their rockets go up faster.
Sales of U.S. individual non-variable and all deferred annuities are continuing to rise like a hot air balloon that broke free from its rope, according to new survey data from Wink Inc.
[Total non-variable annuity] sales climbed to $33 billion in the first quarter, up 45% from the total for the first quarter of 2018, according to new survey data from Wink Inc. The 45% increase follows a 54% year-over-year sales increase in the fourth quarter of 2018.
Wink bases its quarterly annuity sales reports on data from issuers.