RILAs showing ‘almost unprecedented’ growth, speaker says, here to stay

May 2, 2023 by John Hilton

SALT LAKE CITY – The shine might be off registered indexed-linked annuities (RILAs) now that interest rates are climbing higher and higher, but RILAs remain a potent product.

In fact, RILA sales expanded by 6% from 2021 to 2022, said Sutton White, head of annuity product for Life Innovators.

“For as long as RILAs have been out, 13 years, people have had the question, ‘What happens when interest rates come back?'” White noted.

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Originally Posted at InsuranceNewsNet on April 25, 2023 by John Hilton.