Indexed, Multiyear Guaranteed Annuity Sales Rise In Q3

November 29, 2022 by Karen Demasters

Sales for annuities were a mixed bag for the third quarter of 2022, but multiyear guaranteed annuities and indexed annuities saw remarkable gains, according to a report by Wink, Inc., an insurance industry data reporting organization based in Des Moines, Iowa.

Total third quarter sales for all deferred annuities were $72.4 billion, a decrease of 0.4% when compared to the previous quarter but an increase of almost 21% compared to the same period last year, the firm said. All deferred annuities include variable annuities, structured annuities, indexed annuities, traditional fixed annuities, and multi-year guaranteed annuities.

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Originally Posted at Financial Advisor on November 28, 2022 by Karen Demasters.