RILAs take off as consumers look for balance, protection

July 3, 2024 by Teodor Panaitisor

As more Americans retire without the backstop of a pension, the individual annuity market is stepping up to provide the ability to layer on protection and security to an investor’s portfolio.

Registered index-linked annuities were first introduced in 2010 following the financial crisis of 2008-2009. However, RILA sales didn’t really take off until more than a decade later. Around the time of the pandemic, fears about an equity downturn motivated investors to take advantage of the product’s unique function of downside protection while simultaneously taking advantage of upside potential.

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Originally Posted at InsuranceNewsNet on July 1, 2024 by Teodor Panaitisor.