Variable Annuity Sales Rise: Survey

February 19, 2020 by Allison Bell

Many top annuity issuers say they have responded to the recent cuts in interest rates by tightening benefits and increasing prices.

Issuers’ efforts to rate-proof their annuity units may be starting to show up in annuity sales.

Overall sales of U.S. individual annuities fell 8% between the fourth quarter of 2018 and the fourth quarter of 2019, to $58 billion, according to new Secure Retirement Institute insurer survey results summary.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on February 18, 2020 by Allison Bell.