Unprecedented long-term market volatility in 2022 pushed retirement investors towards the protection offered by fixed annuities, propelling a record-high US$312.8 billion in total US annuity sales.
According to Limra’s 2022 Individual Annuity Sales Survey, total 2022 annuity sales increased 23% over 2021 results and were 18% higher than the previous record of US$265 billion set in 2008. The interest rate dip in December spurred investor demand looking to lock in the favorable rates before they dropped further - Todd Giesing, Limra ‘The interest rate dip in December spurred investor demand looking to lock in the favorable rates before they dropped further,’ said Todd G
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