Fixed Indexed Annuities Are on a Roll

September 3, 2019 by Bernice Napach

Fixed indexed annuities are making a comeback following the demise of the Labor Department fiduciary rule last year and rising volatility in the current stock market, according to a new report from Cerulli Associates.

In the first quarter of 2019, sales of fixed indexed annuities (FIAs), which guarantee a minimum rate of return usually tied to the performance of an equity index, totaled $18 billion, up 24% from the year-ago quarter.

That’s roughly twice the annual sales growth they experienced between 2011 and 2016, before the introduction of the DOL fiduciary rule, which crushed sales.

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Originally Posted at ThinkAdvisor on August 27, 2019 by Bernice Napach.