Structured Annuity Sales Shine: Wink
March 25, 2020 by Allison Bell
Structured annuities flew off the shelves in the fourth quarter, according to new issuer survey data from Wink Inc.
Total sales of individual non-variable annuities fell to $27 billion in the quarter, down 18% from the total for the fourth quarter of 2018, Wink reports.
Sales of structured annuities — variable deferred annuity contracts that give the holder some protection against poor investment market performance — climbed 39%, to $4.9 billion.
- A copy of Wink’s latest survey summary is available here.
- An article about the Wink numbers for the third quarter of 2019 is available here.