Higher Rates, Fire Sales Power 2Q Index Annuity To Sales Record

August 21, 2018 by Cyril Tuohy

Higher interest rates and fire sales among some insurance companies pushed index annuities to their highest quarterly sales ever, according to new data.

Second-quarter index annuity sales reached $17.3 billion, up 18 percent compared to the year-ago period and up nearly 22 percent compared to the first quarter, according to Wink’s Sales & Market Report.

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Originally Posted at InsuranceNewsNet on August 20, 2018 by Cyril Tuohy.