News | 04.08.19
Indexed Annuity Sales Projected to Grow Nearly 40 Percent by 2023
Indexed annuities are poised for substantial growth over the next four years, according to projections from Limra, which expects that sales of indexed annuities will rise to $96 billion by the end of 2023. That's $26.4 billion more than last year's total, a 38 percent increase. Meanwhile, the group expects fixed-rate deferred annuity sales to grow by as much as 40 percent over the same time period to $62 billion, up from $44.2 billion last year. Variable annuity sales are expected to grow up to 10 percent through 2023, to $110 billion from $100.1 billion last year.
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