Indexed Annuities Have Record-Breaking 3Q
November 19, 2015 by LIMRA Secure Retirement Institute
WINDSOR, Conn., Nov. 19, 2015—U.S. annuity sales totaled $60.6 billion in the third quarter 2015, improving 4 percent compared with prior year, according to LIMRA Secure Retirement Institute’s third quarter U.S. Individual Annuities Sales Survey
“Despite high volatility, a significant market correction and lower interest rates, total annuity sales – driven by substantially strong fixed-rate deferred and indexed annuity results – recorded positive growth in the third quarter,” said Todd Giesing, assistant research director, LIMRA Secure Retirement Research. “There was definitely a flight to safety with every fixed product except fixed immediate and structured settlement annuities recording positive growth.” Click HERE to view article
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