Indexed annuities likely to rebound after dip in sales last year

April 26, 2018 by Greg Iacurci

Sales of indexed annuities look like they are going to bounce back this year after dipping in 2017, a first for the product line in almost a decade.

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Article excerpts:

“I’m definitely hearing from [distributor] groups that their sales are up,” said Sheryl Moore, president and CEO of Moore Market Intelligence, a consulting firm.

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Now, the DOL rule is “in the rearview mirror,” as firms have become accustomed to the rule and their new internal practices, Ms. Moore said.

“The DOL was really negative,” she said. “It was a major disruptor to business.”

Originally Posted at InvestmentNews on April 25, 2018 by Greg Iacurci.