Stock Gains Pushed Index-Linked Annuity and Life Sales Higher in Q1

May 30, 2024 by Allison Bell

Strong stock market gains and stable interest rates helped increase sales of index-linked annuities and index-linked life insurance policies in the first quarter, according to new issuer survey data from LIMRA.

U.S. sales of individual registered index-linked annuities, or RILA contracts, which are regulated as variable annuities, increased 39% between the first quarter of 2023 and the latest quarter, to $14.5 billion.

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Originally Posted at Think Advisor on May 23, 2024 by Allison Bell.