The sales of fixed index annuities (FIAs) and registered index linked annuities (Rilas) have reached US$105 billion in the first nine months following another quarter of high activity for Rilas.

In the third quarter of 2023, FIA sales decreased 10.7% to US$22.6 billion while Rila sales increased 10.5% US$12.6 billion compared with the previous quarter, according to the U.S. Individual Annuities Sales Survey released by Limra today (30 November). “Interest rates are expected to fall in early 2024, dampening demand for risk-free solutions, such as fixed-rate deferred and FIAs,” said Todd Giesing (pictured) , assistant vice president, annuity research at Limra. “This shi

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login