MYGA sales surpass all other annuities while variable sales plummet in Q2
September 7, 2022 by Insurance Forums Staff
Multi-year guaranteed annuity (MYGA) sales in the second quarter of 2022 hit $26.2 billion—up more than 79.9% when compared to the previous quarter, and up 81.8% when compared to the same period last year according to the 100th edition of Wink’s Sales & Market Report.
“Multi-Year Guaranteed Annuity sales exploded again this quarter,” said Sheryl Moore, CEO of both Wink, Inc. and Moore Market Intelligence. “Given the most recent rate environment, I project that we can count on next quarter’s MYGA sales being significant as well.”
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