Fixed indexed annuity sales displacing some VA products at BDs

July 27, 2015 by DANIELLE ANDRUS

Although variable annuity sales, both with and without guaranteed lifetime income benefits, far outpace total annuity sales for broker-dealers, fixed indexed annuity sales account for 10 percent of broker-dealers’ total annuity sales, according to a survey released Monday by the Insured Retirement Institute. Furthermore, FIAs are starting to displace sales of VAs and traditional fixed annuities.

Almost 70 percent of respondents said they were seeing at least some displacement among variable annuities without lifetime benefits. Click here to read…

Originally Posted at LifeHealthPro on July 22, 2015 by DANIELLE ANDRUS.