COVID-19 Chills Individual Annuity Sales
July 29, 2020 by Allison Bell
Indexed annuities that are registered as variable products continued to sell well in the second quarter, in spite of weak sales of most other types of individual annuities.
The Secure Retirement Institute — which calls indexed variable annuities “registered index-linked annuities,” or RILAs — says RILA sales increased 8% between the second quarter of 2019 and the latest quarter, to $4.5 million.
Wink’s Note: Wink’s Sales & Market Report, 2nd Quarter 2020 will be published mid-August