Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing > Annuity Investing

Q1 Indexed Annuity Sales Looked Great: IRI

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Analysts at the Insured Retirement Institute (IRI) are seeing what their colleagues at LIMRA and Wink Inc. are seeing: Indexed annuities are selling like chocolate chip hotcakes.

U.S. indexed annuity sales increased to $15.4 billion in the first quarter, up 12% from the total for the first quarter of 2017, according to Beacon Research insurer survey data distributed by IRI.

In the past weeks, in summaries of different insurer surveys, LIMRA has reported seeing an 11% year-over-year increase in indexed annuity sales. Wink has reported a 10% increase.

(Related: Indexed Annuity Sales Jump: LIMRA)

Variable annuity sales fell 1.7%, to $22.9 billion, but the booming stock market helped push total variable annuity assets up 0.6%, to over $1.9 trillion, according to Morningstar data distributed by IRI.

A copy of the full IRI report is available here.

— Read also, on ThinkAdvisor:

— Connect with ThinkAdvisor Life/Health on Facebook and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.