News | 11.20.19
Buffer Annuities Push Variable Annuity Sales to Three-Year High in Q3
Variable annuity sales hit a three-year high in the third quarter, a turnaround from their slump in recent years that largely reflects the growing sales of buffer annuities. Insurers sold $4.8 billion worth of buffer annuities in the third quarter, up 17 percent from the second quarter and 62 percent from the third quarter of 2018, according to the Limra Secure Retirement Institute. Limra estimates annual sales of buffer annuities will total between $17 billion and $17.5 billion in 2019, which would be an increase of more than 50 percent from the level in 2018.
Read the full article on InvestmentNews