VA sales slump to lowest level in 25+ years, Wink Inc. reports
March 21, 2023 by Press Release
Wink Inc. reported deferred annuity sales in both the fourth quarter, and in all of 2022, were the greatest they have been since Wink began tracking sales of the product in 2015. It is likely the greatest sales have ever been for deferred annuities.
Total fourth quarter sales for all deferred annuities were $79.3 billion; sales were up 9.4% when compared to the previous quarter and increased 30.1% when compared to the same period last year, according to Wink’s Sales and Market Report.
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Wink’s Note: Structured annuities (a.k.a. RILAs) also took a hit in the fourth quarter.
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Get all the details on how sales of your favorite product line changed… -sjm