Annuities Continue To Soar In 2022

October 31, 2022 by Edward Hayes

Annuities are continuing their record-breaking year. For the second consecutive quarter, these products saw increased sales in LIMRA’s “U.S. Individual Annuity Sales Survey,” reporting $79.6 billion in sales for the third quarter, which represents a 27% increase over a year ago.

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Wink’s Note: I disagree that third quarter will be a peak for annuity sales.
First of all, fourth quarter is nearly always the biggest quarter of the year.
Secondly, CD rates are still abysmal, which means fixed and indexed annuity sales are going to shine. -sjm

Originally Posted at Financial Advisor on October 28, 2022 by Edward Hayes.