Indexed annuities set new US$20 billion record

Total annuity sales in 2018 increased 14% to US$232.1 billion, compared with 2017 results with fixed indexed annuities (FIA) also setting a new high, according to Limra Secure Retirement Institute’s Fourth Quarter 2018 US Retail Annuity Sales Survey . “If we look at the economic factors, the expectation was an equity markets downturn in early 2019 so the Q4 2018 market volatility and the equities dramatic fall came a bit earlier than anticipated,” said Todd Giesing ( pictured