Multi-Year Guaranteed Annuity Sales Get Back on the Rocket
March 6, 2024 by Allison Bell
U.S. life insurers refilled their tanks of multi-year guaranteed annuity capital in the fourth quarter of 2023.
Life insurers let sales of the products rocket up to $53 billion in the quarter, up 48% from the total recorded in the fourth quarter of 2022, after increasing just 13% in the third quarter of 2023, according to a new issuer survey compiled by Wink.
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Originally Posted at Think Advisor on March 5, 2024 by Allison Bell.
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