Annuity sales decline 7% in Q1 2015
May 19, 2015 by Daniel Williams
After riding a wave of recent good news, the annuity industry was dealt a blow as total U.S. annuity sales dropped 7 percent in the first quarter, according to research compiled by LIMRA.
Every major product line except indexed annuities and structured settlements experienced declines in the first quarter.
“Persistent low interest rates and market volatility in the first quarter had an impact on all product lines,” said Todd Giesing, senior business analyst, LIMRA Secure Retirement Research.
Originally Posted at LifeHealthPro on May 19, 2015 by Daniel Williams.
Categories: Industry Articles
