Investors Race to Lock in Firm Annuity Guarantees
September 3, 2024 by Allison Bell
Investors poured cash into traditional fixed-rate deferred annuities in the first half of the year.
Sales of multi-year guaranteed annuities (MYGA) and other traditional fixed-rate deferred annuities increased to $83.7 billion in the first half, up 16% from the total for the first half of 2023, according to new issuer survey data from LIMRA.
Overall sales of U.S. individual annuities increased even more — by 20% — but the surge in fixed-rate deferred annuity sales had an especially broad impact on life insurers.
Wink’s Note: Wink’s Sales & Market Report reports MYGA sales separately from traditional fixed annuities. View the latest 2Q24 sales here
Originally Posted at Think Advisor on August 29, 2024 by Allison Bell.
Categories: Industry Articles
