Overall sales of individual annuities fell slightly in the first quarter, but sales of products with returns linked to the performance of the stock market increased, according to LIMRA Secure Retirement Institute.
Insurers reported $51.8 billion in total U.S. individual annuity sales during the latest quarter, down from $52 billion for the first quarter of 2017.
But sales of variable annuity separate accounts increased 3%, to $19.7 billion, and sales of indexed annuities jumped 11%, to $14.5 billion.
(Related: Annuity Sales Stabilize: LIMRA)