Annuity sales surge as new pathways open for advisors

August 5, 2019 by Tobias Salinger

Annuity sales keep rising higher — and everyone from issuers to, potentially, the U.S. Congress is making it easier for financial advisors and their clients to buy them.

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FIA sales of $17.7 billion — a 25% jump — constitute the “strongest first quarter ever” for the products, Sheryl Moore, CEO of the research and consulting firm Wink, said in a prepared statement. “It is unusual to see sales up this much year-over-year, but low fixed rates and market volatility have lent favorably to this product line.”

Originally Posted at Financial Planning on June 17, 2019 by Tobias Salinger.