Expect RILAs to outsell FIAs by 2024: Wink
May 7, 2021 by Editorial Staff
At the current pace, sales of structured annuities (aka registered index-linked annuities or RILAs) will have climbed higher than those of indexed annuities at a comparable point in the product life cycle,’ said Wink president Sheryl Moore.
Low interest rates and market volatility continued to hurt annuities in the fourth quarter of 2020. Only multi-year guaranteed rate annuities (MYGAs) and structured annuities escaped double-digit declines from 2019; they each posted double-digit increases in sales, according to Wink’s 4Q 2020 sales report, released this week.