Structured annuities smash sales record for second consecutive quarter

Structured or fixed indexed annuity (FIA) sales stood at US$18 billion, 38% higher than third quarter 2017 and two percent higher than second quarter sales results, according to Limra Secure Retirement Institute (Limra SRI) third quarter 2018 sales survey which covers 95% of the market. Year-to-date, FIA sales were $50.1 billion, 22% higher than the first three quarters of 2017.  The entire annuity market benefited from strong growth in interest rates, said Todd Giesing ( pictured ), annui