Annuity sales topped $60B for another quarter. But is the party now over
August 27, 2019 by Tobias Salinger
Annuity sales may have finally reached their peak, after three straight quarters topping $60 billion.
…while the research firm Wink releases preliminary data from its survey covering 97% of sales. FIA volumes surged by 14% year-over-year and outpaced their previous record by 3%, Wink says.
“It is a great time to be offering annuities with growth based on an outside benchmark,” Wink CEO Sheryl Moore said in a statement. Structured products and VAs also reeled in nearly 20% higher sales in the quarter, she notes.