Sales of a Hot Fixed Annuity Product Start to Cool
August 31, 2023 by Allison Bell
U.S. retail annuity sales continue to grow, but sales of one type of product that has been especially popular — the multi-year guaranteed annuity contract — are cooling.
Total individual annuity sales increased to $80 billion in the second quarter, up 9.6% from total for the second quarter of 2022, according to new annuity issuer sales survey data from Wink.
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Originally Posted at ThinkAdvisor on August 24, 2023 by Allison Bell.
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