08.22.19
2Q Annuity Sales Bust More Records
Fixed indexed annuity (FIA) sales were $20 billion in the second quarter, 14 percent higher than prior year results, according to the LIMRA Secure Retirement Institute. In fact, annuity sales were up sharply again across the board, continuing a sales rebound that began with the defeat of the Department of Labor fiduciary rule early in 2018. “This quarter’s FIA sales total represents the highest quarterly sales for FIAs ever,” noted Todd Giesing, annuity research director, LIMRA SRI.
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