Last week, I received the latest annuities quarterly report from LIMRA. There were mixed results in the data, which had me wondering: How’s your annuity book of business faring?
According to the report, which is based on fourth quarter numbers, your success might depend somewhat on which type of annuity product you’ve made your biggest point of focus.
The following is a quick breakdown based on LIMRA’s data. As a note, after you’ve looked over the numbers, send me a note at [email protected] or click the comments section below, so we can see how the industry data is matching up with our Senior Market Advisor readers.
Variable annuities. According to the report, variable products rose 10 percent for the year and saw an even steeper hike of 17 percent growth during the fourth quarter.