MYGA sales power 2Q, Wink reports, overcoming variable sales decline
September 7, 2022 by Staff Reports
Total second-quarter sales for all deferred annuities were $72.8 billion, an increase of 21.9% when compared to the previous quarter and an increase of more than 12.8% when compared to the same period last year, according to Wink’s Sales & Market Report.
Sales were powered by an 80% increase in multi-year guaranteed annuities, while variable product sales were down again.
All deferred annuities include the variable annuity, structured annuity, indexed annuity, traditional fixed annuity, and MYGA product lines.
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Originally Posted at InsuranceNewsNet on August 31, 2022 by Staff Reports.
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