Analysts at Wink Inc. are confirming what their colleagues at LIMRA Secure Retirement Institute released earlier this month: Sales of indexed annuities did great in the first quarter.
The insurers that participate in Wink’s industry survey are reporting their sales increased to $14 billion in the first quarter, up 10% from the total for the first quarter of 2017.
LIMRA reported that the indexed annuity sales at the insurers that participate in its survey increased 11% between the first quarter of 2017 and the first quarter of 2018.
(Related: Annuity Market Archive)
Wink analysts found that total sales of all kinds of individual, non-variable deferred annuities increased 0.3% from year-earlier levels, to $23 billion.
Sales of another popular type of non-variable annuity, the multi-year guaranteed annuity, fell 9.8%, to $8.15 billion.