Higher Rates Fuel Q2 Multi-Year Guaranteed Annuity Sales: Wink
September 7, 2022 by Allison Bell
Higher interest rates and client concerns about stock market volatility pushed sales of multi-year guaranteed annuities (or MYGA contracts) up hard in the second quarter.
U.S. MYGA contract sales increased 82% between the second quarter of 2021 and the latest quarter, to $26 billion, according to new annuity issuer sales survey data from Wink.
If you want more of the details from “Wink’s Sales & Market Report,” read here and let us know if you need more! -sjm