FIAs Have Second-Best 2Q In History

September 8, 2015 by Linda Koco

Annuity carriers sold nearly $12.3 billion in fixed index annuities (FIAs) in the second quarter of this year, according to a new report from Wink Inc.

Although down 2.5 percent from last year’s record-breaking second quarter, the sales outpaced the previous quarter by nearly 8 percent, the researcher said.

With the exception of second quarter 2014, FIA sales were “greater this quarter than in any other second quarter in the history of the product line,” Sheryl J. Moore, president and CEO of both Wink and Moore Market Intelligence, said in releasing the results. Click HERE to view article

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Originally Posted at InsuranceNewsNet on September 2, 2015 by Linda Koco.