Annuity sales smash more records at start of 2023

May 5, 2023 by Nathan Place

For the past year and a half, annuities have been breaking record after record. Now, after the products’ best sales year in history, they’ve shattered another one: the highest quarterly sales ever recorded.

In the first quarter of 2023, total annuity sales reached $92.9 billion, according to LIMRA, an industry-funded researcher that’s been tracking the products since the 1980s. The sum marked a 47% increase over Q1 of 2022.

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Originally Posted at Financial Planning on May 3, 2023 by Nathan Place.