News | 06.16.21
Total Annuity Sales Jumped 9 Percent in the First Quarter
Investors turned to annuities for protection in the first quarter, pushing sales up by 9 percent to $61 billion, according to the Secure Retirement Institute. Sales were driven by products providing principal protection and investment growth such as registered index-linked annuities (RILAs), which jumped 88 percent to $9.2 billion, and fixed-rate deferred annuities, which increased by 49 percent to $14.6 billion. RILA sales, the institute noted, represented more than 30 percent of total variable annuity sales.
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