07.28.21
First-Half 2021 Annuity Sales Up a Whopping 23 Percent, Report Finds
by: Insurance News Net
Total preliminary U.S. annuity sales were $67.9 billion in the second quarter, up 39 percent from second quarter 2020. Year-to-date, annuity sales were $129 billion, 23 percent higher than prior year, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey. Total variable annuity sales were $32.8 billion in the second quarter, up 55 percent from prior year. Fixed indexed annuity sales grew 28 percent in the second quarter to $15.4 billion.
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