Q1 Indexed Annuity Sales Were Up
First quarter indexed annuity sales were up 11 percent, compared with the same time last year and up 4 percent since last quarter, according to LIMRA’s latest sales survey. Researchers at the LIMRA Secure Retirement Institute say this is the first time in 8 years they’ve seen a growth in the first quarter indexed annuity market when compared to fourth quarter.
According to researchers, the increase in sales is due to an improved outlook on a regulatory front and rising interest rates creating more attractive rates. At the same time, in light of the DOL fiduciary rule being vacated, researchers revised their 2018 annuity forecast -- they're now expecting a 5-10 percent increase in annuity sales growth.