Registered Index-Linked Annuities Achieve Record Growth, Cerulli Reports
February 1, 2022 by Press Release
January 25, 2022, BOSTON—Registered index-linked annuities (RILAs), including those that are built on variable and fixed annuity contracts, reached $39 billion in 2021, representing approximately 17% of total annuity sales, according to Cerulli’s report, U.S. Annuity Markets 2021: Acclimating to Industry Trends and Changing Demand.
With more brand name insurers entering the space, RILAs have gained market attention, setting new records annually.
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Wink’s note: PLEASE do not call them “Registered Index-Linked Annuities” or “RILAs,” folks. The regulators don’t understand our products. We certainly don’t need additional confusion between insurance and securities products. – sjm