Are FIAs Filling the Variable Annuity Void?
March 29, 2016 by Cyril Tuohy
Although variable annuities still outsell their fixed annuity cousins by the tens of billions of dollars, the shift away from variable annuities is noticeable. That shift is expected to continue with the release of new rules by the Department of Labor, according to two annuity industry experts.
One of the biggest beneficiaries of the DOL’s fiduciary rule appears to be fixed indexed annuities, which booked record fourth quarter gains and sales of more than $53 billion last year, according to Wink’s Sales & Market Report.
“Indexed annuities will grow exponentially due to the DOL rule because variable annuities are the naughty stepchild in the eyes of the DOL regulators,” said Sheryl J. Moore, president and CEO of Moore Market Intelligence and Wink Inc. Click HERE to view article
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