Lincoln Financial Posts Surprising Annuity Sales Figures
August 7, 2024 by Allison Bell
Lincoln Financial sold so many individual annuities in the second quarter that Suneet Kamath, a securities analyst with Jefferies, wondered whether the annuity market is all right.
The life and annuity issuer increased individual annuity sales to $3.8 billion in the second quarter, up 48% from the total for the second quarter of 2022.
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Wink’s Moore on the Market: Annuities…
Irrational behavior?
Not at Lincoln Financial Group Ellen Cooper says.
And I agree.
More people are learning about the guaranteed lifetime income that is provided by annuities. The industry is setting record sales, as a result.
After all, the #1 fear of Americans is running out of money in retirement. Annuities are strategically, and solely, positioned to address that need. -sjm
