Fee-Based Annuity Sales, Still Low, Rise in 2017

March 5, 2018 by Cyril Tuohy

Fee-based variable and indexed annuities, considered critical to attracting registered investment advisors (RIA), finished 2017 with sales of $2.3 billion, or about 3.1 percent of all variable and indexed annuity sales, data show.

Fee-based variable annuity (VA) sales in 2017 reached $2.2 billion, but that was still only about 2.7 percent of all VA sales last year, according to preliminary data released by LIMRA Secure Retirement Institute.

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Originally Posted at InsuranceNewsNet on March 5, 2018 by Cyril Tuohy.