Record-high sales of registered index-linked and fixed indexed annuities push overall sales growth in the second quarter 2023, new proprietary underlyings enter market.
Total annuity sales increased 12% year-over-year to US$88.6 billion in the second quarter 2023, driven by record-high registered index-linked annuity (Rila) and fixed indexed annuity (FIA) sales, according to Limra’s US Individual Annuity Sales Survey. Double-digit equity market increases and stable interest rates have prompted investors to seek out greater investment growth opportunity through Rilas and FIAs - Tod Giesing, Limra ‘Double-digit equity market increases and stable i
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