Annuity sales topped $60B for another quarter. But is the party now over

August 27, 2019 by Tobias Salinger

Annuity sales may have finally reached their peak, after three straight quarters topping $60 billion.

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…while the research firm Wink releases preliminary data from its survey covering 97% of sales. FIA volumes surged by 14% year-over-year and outpaced their previous record by 3%, Wink says.

“It is a great time to be offering annuities with growth based on an outside benchmark,” Wink CEO Sheryl Moore said in a statement. Structured products and VAs also reeled in nearly 20% higher sales in the quarter, she notes.

Originally Posted at Financial Planning on August 22, 2019 by Tobias Salinger.