Life insurance and annuity sales: What’s ahead for 2025?
January 14, 2025 by Susan Rupe
Variable universal life and registered index linked annuities are expected to see the highest percentage of growth across life and annuity products in 2025, two LIMRA executives said during a recent webcast.
Bryan Hodgens, head of LIMRA research, and John Carroll, LIMRA senior vice president and head of life and annuities, provided a glimpse at what 2025 could bring to life and annuity sales while recapping what is setting up to be a record year for some product sales in 2024.
Wink’s Moore on the Market: , I disagree with the sales forecasts in this piece.
If any of you read this, MYGAs were NOT developed in 2018.
I’ve been in this business for 25 years, and they have been available the entire time I’ve been doing this.
I would guess that the products were developed somewhere between the 18th and 20th centuries. -sjm
Wink’s Note: Structured annuities are known by many names: hybrid, buffered variable, indexed variable, index linked and finally, the registered indexed linked annuity (RILA). The basic design of a structured annuity is like a cross between an indexed annuity and a variable annuity. Structured annuity is the most satisfying moniker because these annuities are similar to structured notes, they aren’t a hybrid of an annuity and life insurance, not all the products offer variable subaccounts, and finally, it doesn’t confuse securities with fixed insurance. (Especially since there are also registered indexed annuities already!)