Annuity Sales Hit 11-Year High In 2019: LIMRA

February 19, 2020 by Staff Reports

Annuity sales of $241.7 billion in 2019 represented the best sales in 11 years as the industry continued to rebound from regulation and other pressures.

Sales increased 3% over 2018 results, according to the Secure Retirement Institute Fourth Quarter U.S. Annuity Sales Survey.

While overall sales were the best since 2008, fourth-quarter annuity sales dipped to $57.6 billion, down 8% compared with fourth quarter 2018.

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Originally Posted at InsuranceNewsNet on February 18, 2020 by Staff Reports.