Record sales yield new leading annuity issuers
April 2, 2019 by Tobias Salinger and Graison Dangor
The end of the annuity sales slump related to the fiduciary rule also resulted in new top issuers, as fixed and fixed-index products broke records in 2018.
Click HERE to read the full story via Financial Planning.
…………………………………………………………………………………
In an unprecedented development, the top 15 writers of multi-year guaranteed annuities each took in higher sales last year, Wink CEO Sheryl Moore noted. FIAs also topped their last record level in sales by 18% in 2018, according to Wink.
………………………………………………………………………………..
Allianz enjoys a market share of 13.6% in the FIA space, alongside its top-selling 222 product, according to Wink. AIG grabbed 13.1% of the traditional fixed marketplace, while New York Life’s 13% share of the multi-year guaranteed annuity sales was the highest for that product.
In the burgeoning structured, or buffered, annuity product line, AXA is the No. 1 carrier with 40.8% of the market. The Brighthouse Life Shield Level Select 6-Year product brought in the highest sales of any structured product for each quarter in 2018, Wink says.
