As Insurers Fight for Fixed-Rate Annuity Sales, Commissions Fall
November 26, 2020 by Warren S. Hersch
The decline in commissions for the products, called multi-year guaranteed annuities, comes as third-quarter sales jumped to $16.6 billion, up 70% from a year earlier, according to Wink. The leading sellers of the products have also changed, to Sammons Financial and MassMutual from AIG and New York Life in the same quarter of 2019.
Wink CEO Sheryl Moore couldn’t be reached for comment.
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Originally Posted at Life Annuity Specialist on November 25, 2020 by Warren S. Hersch.
Categories: Wink's Articles