Sales of indexed annuities that are registered with the U.S. Securities and Exchange Commission as securities soared in the third quarter, and that helped push sales of U.S. individual annuities over zero.
Analysts at the LIMRA Secure Retirement Institute have published the new quarterly sales figures for the variable indexed annuities, which they call “registered index-linked annuities,” or RILAs, today, in their latest batch of annuity issuer survey data.
The analysts found that the participants’ overall U.S. individual annuity sales increased 1% between the third quarter of 2018 and the third quarter of 2019, to $59 billion.
RILA sales climbed 62%, to $4.8 billion, even as sales of other variable annuities fell 2%, to $22 billion.
Sales of deferred income annuities increased 7%, to $590 million.