Structured VA Sales Rise 36 Percent in 2Q

September 1, 2017 by Cyril Tuohy

Structured variable annuity sales in the second quarter rose 36 percent to $1.8 billion compared with the year-ago period.

The product subcategory now accounts for 7 percent of the variable annuity market, a market expert said.

“You have subsets of products doing well out there,” said Todd Giesing, director, Annuity Research, with LIMRA Secure Retirement Institute. “The structured ones are doing very well and a few companies are driving growth.”

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Originally Posted at InsuranceNewsNet on August 30, 2017 by Cyril Tuohy.