Variable Annuities Show Slight Gains In 3Q, Wink Reports
December 3, 2019 by Staff Reports
Variable annuity sales in the third quarter were $21.2 billion, an increase of 1% as compared to the previous quarter, according to Wink’s Sales & Market Report.
Annuity sales were down across most product lines in the third quarter, Wink reported.
Variable annuities have no floor, and potential for gains/losses that are determined by the performance of the subaccounts that may be invested in an external index, stocks, bonds, commodities, or other investments.
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Originally Posted at InsuranceNewsNet on November 26, 2019 by Staff Reports.
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