2021 Annuity Sales Shake Pandemic With 16.5% Increase, Wink Finds

March 22, 2022 by Staff Reports

Total 2021 deferred annuity sales of $243.6 billion represented a major bounceback year for the industry and a 16.5% increase over 2020 sales, according to new Wink’s Sales & Market Report data.

Total 2020 deferred annuity sales fell to $209.1 billion amid the COVID-19 pandemic, Wink reported.

Total fourth-quarter sales for all deferred annuities were $60.9 billion, an increase of 1.7% compared to the previous quarter and 8.1% compared to the same period last year. 

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Originally Posted at InsuranceNewsNet on March 17, 2022 by Staff Reports.