Sales of Index-Linked Variable Annuities Shine Again
April 29, 2020 by Allison Bell
Sales of variable annuities outperformed sales of fixed annuities in the first quarter, according to new, preliminary insurer survey data from the Secure Retirement Institute.
Insurers reported that their sales of individual variable annuities in the United States increased 16% between the first quarter of 2019 and the latest quarter, to $26.5 billion.
Sales of a relatively new type of variable annuity, the registered index-linked annuity, or index-linked variable annuities, climbed 44%, to $5.1 billion.
Wink’s Note: Wink classifies “index-linked variable” annuities as structured annuities.
Wink’s Sales & Market Report, tracking sales and industry trends for all deferred annuities will be released mid-May, contact email@example.com for more information.