Annuity Sales Jump 22% YoY to New Record

January 30, 2023 by Alex Padalka

Investors grasping for guaranteed retirement income, combined with rising interest rates, spurred total annuity sales to reach a record $310.6 billion in 2022, according to a new report.

Last year’s total annuity sales topped the record set in 2008 by 17%, Limra says it found in its annual individual annuity sales survey.

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Originally Posted at Financial Advisor IQ on January 30, 2023 by Alex Padalka.