Non-Variable Annuity Sales Still Look Good: Survey Managers
August 27, 2019 by Allison Bell
U.S. sales of individual non-variable annuities continued to look great in the second quarter, according to sales survey managers at Wink Inc. and the LIMRA Secure Retirement Institute.
Interest rates have started to fall, after rising gradually for several years. Todd Giesing, annuity research director at the LIMRA institute, said lower rates could hurt the numbers in future sales reports.
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Wink, which conducts a separate survey, found that sales of the U.S. individual, deferred, non-variable annuities it tracks increased 16% between the second quarter of 2018 and the latest quarter.
Wink did not publish a dollar value for second-quarter non-variable annuity sales in the new report, which is based on preliminary data.
Wink’s Note: Click HERE to view WINK, INC. RELEASES 2ND QUARTER, 2019 DEFERRED ANNUITY SALES RESULTS