Crashing The FIA Party: Not Just The Top Companies Driving Growth
March 24, 2016 by Cyril Tuohy
To get a sense of just how robust sales of fixed indexed annuities (FIAs) have become, it’s worth taking a closer look at the league tables: Most life and annuity carriers in the market posted higher FIA sales last year than they did in 2014.
Some increases were truly eye-popping. Integrity Life, a member of Western & Southern Financial Group, posted 2015 FIA sales of $610 million, an increase of 1,080 percent over the previous year, according to Wink’s Sales & Market Report.
Nationwide “came out of nowhere” to finish the 2015 FIA league tables in the No. 6 position with $2.4 billion in sales. The company saw its FIA sales rise by 460 percent last year over 2014, Wink reports.
Nationwide’s New Heights 12 and New Heights 9 FIAs leaped into the top 10 FIA products sold last year, pushing Security Benefit’s Secure Income Annuity and Total Value Annuity off the top 10 list. Click HERE to view more…
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