Fixed-index annuity sales hit a record amid industry turnaround
August 25, 2018 by Tobias Salinger
Fixed-index annuities are driving a turnaround in industrywide sales of the insurance products, thanks to the demise of the fiduciary rule and rising interest rates.
Click HERE to read the full story via FinancialPlanning.
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Wink, a market research firm which also reports quarterly sales metrics, tracked a 20% upsurge year-over-year in sales of all non-variable products. Annuity issuers and distributors are ready “to get back in business,” Wink CEO Sheryl Moore said in a statement.
“The recent increases in rates, coupled with the regulatory reprieve, will result in a confluence of sales momentum to close out 2018 with record sales levels,” Moore said.
Click HERE to view Wink’s new release regarding 2nd Quarter, 2018 annuity sales.
