When I talk to advisors, I keep hearing both positive and negative stories about how they’re faring this year. More than once, I’ve heard the phrase “feast or famine” when talking about their success rate.
It appears that this phenomenon is not exclusive to advisors; it’s the story for products as well. According to first quarter reports from LIMRA, there’s plenty of good and bad news in the world of safe products these days.
Since we like to keep a bullish attitude on the industry, let’s take a peek into the good stuff first.
While much of the financial world was hit with a perfect storm of turmoil, it appears that fixed annuities were among those rare products that have not seen a dip in sales.
In fact, according to LIMRA, fixed annuities outsold variable annuities for the second quarter in a row: $35.6 billion to $30.7 billion.