Expect the MYGA, indexed annuity boom into next year, Moore says
December 5, 2022 by
Steven A. Morelli
Expect a blazing fourth quarter and 2023 for multiyear guaranteed and indexed annuities and a bumpy ride for variable annuities and its hybrid offspring, structured annuities.
Those were a few observations from Sheryl Moore, CEO of Wink Inc. and Moore Market Intelligence, after third quarter results showed banner performance for FIAs and MYGAs in particular.
MYGAs blasted off the past few quarters with $27.4 billion in sales in the third quarter, 4.7% over the previous stellar quarter and 138% over the third quarter of last year.
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Originally Posted
at
InsuranceNewsNet on December 1, 2022 by Steven A. Morelli.