Indexed annuity sales increased 24% in the first quarter of 2019, totaling US$18 billion. This is the third consecutive first quarter growth for indexed sales, according to Limra Secure Retirement Institute’s (Limra SRI) First Quarter 2019 US Retail Annuity Sales Survey.
“The significant turbulence in the equity markets in the fourth quarter 2018 really sparked a flight to safety,” said Todd Giesing (pictured) , director annuity research, Limra SRI. “This resulted the highest level of first quarter sales for indexed annuities we have ever seen, and the highest level of fixed rate deferred sales since 2009.” In the first quarter, variable annuity (VA) sales totaled US$22.8 billion, down 7% from the prior year. Despite a slight uptick for
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