4Q Variable Annuity Sales Up 4%, Powered By Index-Linked Products
January 27, 2021 by Press Release
Fourth-quarter variable annuity sales increased 4% from prior year to $27.9 billion, powered by robust registered index-linked annuity sales, according to preliminary results from the Secure Retirement Institute’s Individual Annuity Sales Survey.
“Current economic conditions have made RILA products uniquely attractive to consumers seeking both downside protection and investment growth, drawing new manufacturers to the market,” said Todd Giesing, senior annuity research director, SRI.
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Wink’s Note: “Registered index-linked” annuities are classified as structured annuities. Wink’s Sales & Market Report will be published in mid-March.