What You Need to Know
- Sales of every kind of annuity Wink tracks increased.
- Structured annuity sales rose 118%.
- Sales of traditional fixed annuities grew the least.
Sales of all individual deferred annuities did well in the United States in the second quarter, and sales of variable annuities soared, according to new issuer survey data from Wink Inc.
Total U.S. sales of individual deferred products increased 40% between the second quarter of 2020 and the second quarter of 2021, to $64 billion, the Des Moines, Iowa-based firm says.
Sales of non-variable products rose 22%, to $32 billion, and sales of variable products climbed 64%, to $33 billion.
Sales of variable annuities with crediting rates tied to investment indexes — which Wink calls structured annuities — rocketed up 118%, to $9.9 billion.