News | 05.19.21
Annuity Sales Rise in Q1 Thanks to Just Two Product Types
Annuity sales picked up by 9 percent during the first quarter, led by heightened demand for fixed-rate deferred and registered index-linked annuities, recent industry data show. Although sales figures were down considerably for most product categories compared with the first quarter of 2020, fixed-rate deferred annuities and registered index-linked annuities, or RILAs, saw purchases rise by 46 percent and 89 percent, respectively, according to a report from Limra’s Secure Retirement Institute.
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