Q3 fixed indexed annuity sales report: The proof is in the pudding. BLOG
December 3, 2014 by Matt Tarkenton
More and more consumers are looking for the guarantees and income provided by fixed annuity products as part of their retirement strategy, and the proof is in the pudding. The growth of fixed indexed annuities (FIAs) continued in the third quarter of 2014. Our friend and industry thought leader Sheryl Moore’s report showed that third-quarter indexed annuity sales were $11.488 billion, compared with $10.050 billion in Q3 2013 (up 14 percent year-to-year).
For the year-to-date period in 2014, total FIA sales have been $34.9 billion. The industry is well on track to grow 15 percent to 20 percent this year. It is a great time to be in the business of helping people address their retirement income concerns. The work that you do as a licensed agent or advisor is valuable to your clients and their retirement security, so be proud of the products that you sell.
This quarter, the top carriers continued to include: Allianz (#1 with 26 percent market share); American Equity (moved up to #2), while Great American (#4) and F&G (#6) showed the most growth. The top-selling products included the Allianz 222 and Allianz 360 and the Bonus Gold from American Equity.
