Sales of U.S. individual, non-variable, deferred annuities are continuing to rise like a hot air balloon that broke free from its rope, according to new survey data from Wink Inc.
Sales climbed to $33 billion in the first quarter, up 45% from the total for the first quarter of 2018, according to new survey data from Wink Inc.
The 45% increase follows a 54% year-over-year sales increase in the fourth quarter of 2018.
Wink bases its quarterly annuity sales reports on data from issuers.
The new report includes figures from 55 fixed annuity providers, 59 indexed annuity providers, 78 multi-year guaranteed annuity (MYGA) contract providers, and 10 structured annuity providers.