RILAs Are Not the Only Annuities With Sizzle
June 6, 2024 by Allison Bell
Registered index-linked annuity (structured annuity) sales are climbing — and so are sales of the RILAs older siblings, non-variable indexed annuities.
Sales of non-variable indexed annuities climbed 29% between the first quarter of 2023 and the first quarter of 2024, to $29 billion, according to new issuer survey data from Wink.
Read the full story via Think Advisor here
Wink’s Note: find the full news release here
Wink’s Moore on the Market: Structured annuities (aka RILAs) have been known by many names: hybrid, buffered, indexed variable, index-linked variable, and finally the registered indexed linked annuity RILA. The basic design of a structured annuity is like a cross between an indexed annuity and a variable annuity. Structured is the most satisfying moniker because these annuities are similar to structured notes, it’s not a hybrid of an annuity and life insurance, not all the products offer variable subaccounts and finally, it doesn’t confuse securities with fixed insurance (again! There are registered indexed annuities already.) -sjm
