Sales of Protection-Oriented U.S. Individual Annuities Continue to Rise

March 15, 2021 by Allison Bell

Many U.S. life insurers have been favoring sales of annuities with some built-in protection against loss of account value, especially with the rise of stock market volatility.

That trend pushed up sales of what the Secure Retirement Institute classifies as protection-focused annuities in 2020, even as sales of what the organization classifies as income-focused annuities fell sharply.

The Windsor, Connecticut-based organization has published data on how different classes of U.S. individual annuities performed in 2020 in a new look at 2020 annuity issuer survey results.

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Originally Posted at ThinkAdvisor on March 11, 2021 by Allison Bell.