For annuities, 2019 was great. 2020 is TBD
March 25, 2020 by Editorial Staff
Sales of annuities were stellar in calendar 2019–except in 4Q, as WinkIntel and Secure Retirement Institute report. With interest rates ultra-low and investor anxiety high, 2020 sales could go either way.
Total fourth quarter sales for all deferred annuity sales were $53.3 billion, a decline of 3.3% from the previous quarter. Total 2019 deferred annuity sales were $221.8 billion, according to the 90th edition of Wink’s Sales & Market Report for 4th quarter, 2019.