Fixed indexed annuity sales dropped by 15% in the first quarter to $13.7 billion amid an overall boost in fixed annuity sales of 4% in Q1 21 to US$31 billion.
The sale of fixed indexed annuities (FIA) during the first quarter of 2021 has decreased by US$400m from the fourth quarter of 2020, according to data recorded by the Secure Retirement Institute (SRI). Despite the first quarter decline in FIA sales, the steadily improving interest rate environment is anticipated to bolster FIA sales throughout the year. SRI is forecasting FIA sales to increase by between eight and 17% in 2021. The uptick of Rila sales mean that these products are more attract
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