Indexed Annuity Sales Could See First Decline In A Decade, LIMRA Predicts

May 23, 2017 by Cyril Tuohy

Sales of fixed indexed annuities (FIAs) are expected to be hit the hardest as new regulations and uncertainty among distributors will dampen new sales of individual annuities in 2017. LIMRA’s forecast is for sales of all U.S. individual annuities to drop between 5 percent and 10 percent in 2017. In particular, indexed annuity sales are expected to see their first sales decline in a decade.

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“It is entirely possible that 2017 will not be a record-setting year for indexed annuity sales,” Sheryl J. Moore, president and CEO of Moore Market Intelligence and Wink Inc., said earlier this year.

Originally Posted at InsuranceNewsNet on May 23, 2017 by Cyril Tuohy.