1Q Deferred Annuity Sales Strong, Despite Late COVID-19 Impact
May 27, 2020 by John Hilton
Despite the COVID-19 market devastation, deferred annuity sales remained strong in the first quarter at $52.7 billion, a slim 1.1% decline, according to Wink’s Sales & Market Report.
The pandemic effects came late in the first quarter, industry sources note, and its impacts might be seen in second quarter results. But for now, industry can celebrate good sales numbers.
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Originally Posted at InsuranceNewsNet on May 22, 2020 by John Hilton.
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