Higher Stock Prices and Worried Investors Boost Q2 Annuity Sales

August 7, 2024 by Allison Bell

Rising stock prices, good rates and investors’ memories of past stock market woes helped insurers increase U.S. individual annuity sales 25%, year over year, to $109 billion in the second quarter of 2024.

Sales of registered index-linked annuities, or annuities with returns tied to the performance of entire stock indexes, rather than mutual fund-like baskets of stocks, climbed 42% from the year-ago period, according to new survey data from LIMRA.

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Originally Posted at Think Advisor on July 31, 2024 by Allison Bell.