Annuity Sales Set a Record in 2023. Recession Fears and Interest Rates Played a Role.
January 30, 2024 by Kenneth Corbin
Annuity sales posted a record year in 2023, the second-consecutive high recorded by the trade group Limra, which attributed much of the surge to increasing interest in fixed products.
Fixed annuity sales jumped 36% last year to $286.2 billion, a “remarkable” increase that owed to “economic conditions and growing demand for protected investment growth,” according to Bryan Hodgens, head of Limra research.
Originally Posted at Barron's on January 24, 2024 by Kenneth Corbin.
Categories: Industry Articles
