Annuity sales hurt by low interest rate policy: Wink Inc.
September 2, 2020 by Kerry Pechter
MYGA [multi-year guaranteed rate annuities] sales increased double-digits, while indexed annuity sales declined by double digits. This is a new trend,’ said Sheryl Moore, CEO of Wink Inc., the annuity sales and market research firm.
Athene USA surpassed long-standing indexed annuity sales leader Allianz Life in the second quarter of 2020, with an 11% market share, according to Wink Inc.’s quarterly annuity sales report.
Originally Posted at Retirement Income Journal on August 27, 2020 by Kerry Pechter.
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