Could FIAs Break Advisors’ Hearts?
April 11, 2017 by Cyril Tuohy
Dear agents and advisors:
We’ve had a great run, but we don’t know if we can keep up the pace. Sales hit a record last year, but by a smaller percentage increase than the previous year. OK, that’s all for now. Got to run …
See you soon!
Signed: Fixed indexed annuities (FIAs).
Could 2017 break the long-running record of FIA sales? Possibly.
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“It is entirely possible that 2017 will not be a record-setting year for indexed annuity sales,” said Sheryl J. Moore. Moore is president and CEO of Moore Market Intelligence and Wink Inc., publisher of the life and annuity industry data tracker Wink’s Sales & Market Report.
FIA sales rose 9.7 percent to a record $58 billion last year over 2015. But that percentage increase was lower than the 13 percent rise in FIA sales reported in 2015 over 2014, according to Wink’s data.
