Indexed annuities lose traction as total US annuity sales hit 15-year low

Fixed indexed annuity (FIA) sales were US$13.7bn in the third quarter of 2017, a 9% decline compared with the third quarter 2016, according to Limra Secure Retirement Institute's Third Quarter 2017 US Retail Annuity Sales Survey . The Limra report also found that in the first nine months of 2017, FIA sales were US$42.9bn, down 9% compared to 2016. The Institute is forecasting FIA sales to decline close to 10% in 2017, compared with 2016 sales results. "A continued shift to accumulation focuse