4Q Annuity Sales Show Market Moving on From Fiduciary Rule

February 21, 2018 by Cyril Tuohy

Overall fixed and variable fourth-quarter annuity sales of $50.8 billion were flat compared to the year-ago period, a sign that the market is adjusting to the Department of Labor fiduciary rule, a market expert said Wednesday.

Fourth-quarter sales of fixed annuities fell 2 percent to $26.1 billion compared to the year-ago period, while sales of variable annuities also fell to 2 percent, to $24.7 billion, LIMRA Secure Retirement Institute reported.

Overall 2017 sales of fixed and variable annuities fell 8 percent to $203.5 billion compared to 2016.

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Originally Posted at InsuranceNewsNet on February 21, 2018 by Cyril Tuohy.