House Panel to Consider Bill That Might Make Hot Annuities Hotter
April 5, 2022 by Allison Bell
Insurers like offering RILAs, because administering RILA programs is relatively affordable, and the fact that they are registered as securities helps an insurer decide just how much investment risk to assume.
Issuer support for the products has pushed sales higher.\
Wink, an annuity sales data vendor, says RILA sales increased 20% between the fourth quarter of 2020 and the fourth quarter of 2021, to $10 billion.
H.R. 4865 could lead to further increases in RILA use.
The Insured Retirement Institute has written a letter supporting the bill.
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Wink’s Note: Wink classifies RILAs as Structured Annuities.