Traditional Variable Annuities Join the Sales Party

August 23, 2024 by Allison Bell

Demand for annuities was so strong in the second quarter that sales of traditional variable annuities climbed to $16.5 billion, up 20% from the total recorded in the second quarter of 2023, according to new issuer survey data from Wink.

[Structured (aka RILA)] annuities were the annuities with the strongest second-quarter performance: Their sales increased 45%, year over year.

Sales of all types of annuities that Wink has tracked for at least a year rose 31%, to $110 billion.

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Originally Posted at Think Advisor on August 22, 2024 by Allison Bell.