Wink, Inc. Released Preliminary 2nd Quarter, 2018 Deferred Non-Variable and Structured Annuity Sales
August 14, 2018 by Press Release
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NEWS RELEASE
ALL FIXED ANNUITY TYPES SEE SALES UP 20% ACROSS-THE-BOARD!!!
Wink, Inc. Released Preliminary 2nd Quarter, 2018 Deferred Non-Variable and Structured Annuity Sales
Des Moines, Iowa. August 14, 2018– Non-variable annuity sales for the second quarter of 2018 were up 22% as compared to the prior quarter, and increased 20% as compared to the same period last year, based on preliminary sales by Wink’s Sales & Market Report. The sales report is in its 84th edition with the upcoming release for 2nd Quarter, 2018. Note that non-variable deferred annuities include the indexed annuity, traditional fixed annuity, and MYGA product lines.
Highlights for the second quarter 2018 as compared to first quarter 2018 are:
- Indexed annuity sales increased by 22% over the prior quarter and 18% over the same period last year. Indexed annuities have a floor of no less than zero percent and limited excess interest that is determined by the performance of an external index, such as Standard and Poor’s 500®.
- Traditional fixed annuity sales increased by 20% over the prior quarter and declined 12% over the same period last year. Traditional fixed annuities have a fixed rate that is guaranteed for one year only.
- Multi-year guaranteed annuity (MYGA) sales increased by 23% over the prior quarter and were up 27% over the same period last year. MYGAs have a fixed rate that is guaranteed for more than one year.
“I would say that the annuity industry is ready to get back to business!” commented Sheryl J. Moore, author of Wink’s Sales & Market Report. “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,” she commented.
In the first quarter of 2018, Wink began reporting on structured annuity sales.
Structured annuity sales are estimated to be down 16% from the prior quarter. Structured annuities have a limited negative floor and limited excess interest that is determined by the performance of an external index or subaccounts. “The important thing to remember is that these aren’t indexed annuities, although some companies are marketing them in that manner,” Sheryl J. Moore asserted.
Preliminary results are only based on 94% of participation in Wink’s quarterly sales survey representing 97% of the total sales.
While Wink currently reports on indexed annuity, fixed annuity, multi-year guaranteed annuity, structured annuity, and multiple life insurance lines’ product sales, the firm looks forward to reporting on immediate annuity and variable annuity product sales in the future.
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For more information, go to www.LookToWink.com
The staff of Moore Market Intelligence has the combined experience of eight decades working with indexed insurance products. The firm provides services in speaking, research, training, product development, and marketing of indexed annuities and indexed life insurance. Their knowledge in product filing research and policy forms analysis, coupled with their unmatched resources in insurance distribution, give them the expertise to provide competitive intelligence that allows carriers to stay ahead of their competition.
Sheryl J. Moore is president and CEO of this specialized third-party market research firm and the guiding force behind the industry’s most comprehensive life insurance and annuity due diligence tools, AnnuitySpecs and LifeSpecs distributed by Wink, Inc. Ms. Moore previously worked as a market research analyst for top carriers in the indexed life and annuity industries. Her views on the direction of the market are frequently heard in seminars and quoted by industry trade journals.
Ms. Moore is the author of the quarterly Wink’s Sales & Market Report. Serving as the insurance industry’s #1 resource of indexed insurance product sales since 1997, this report provides sales by product, company, crediting method, index, distribution, surrender charge period, and more. Wink’s Sales & Market Report expanded to cover all fixed deferred annuity products in 2015, all non-variable cash value life insurance products in 2017 and structured annuity products in 2018.
Wink, Inc. is the company that distributes resources such as this sales report, along with the competitive intelligence tools AnnuitySpecs and LifeSpecs at www.LookToWink.com.
August 14, 2018
Des Moines, IA
(855) ASK-WINK
