As stocks struggle, annuity sales soar to new heights

August 9, 2022 by Nathan Place

In a quarter marked by rising inflation, fears of recession and a volatile stock market, one financial instrument had a fantastic few months: annuities.

In the second quarter of 2022, total annuity sales in the United States reached $77.5 billion — the highest quarterly sales ever recorded by LIMRA, an industry-funded firm that has been tracking the products since the 1980s.

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Originally Posted at Financial Planning on August 3, 2022 by Nathan Place.