Variable Annuity Sales Climb 19%: Wink
May 27, 2020 by Allison Bell
U.S. sales of individual deferred annuities fell to $53 billion, down 4% from the total for the first quarter of 2019, according to new issuer survey data from Wink Inc.
Sheryl Moore, president of Wink, said in a comment included in an announcement of the results that she thinks they look surprisingly good.
“It is amazing that annuity sales are only down in the single digits, given the devastating effects that COVID-19 has wreaked on the annuity industry,” Moore said.
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Originally Posted at ThinkAdvisor on May 25, 2020 by Allison Bell.
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