The registered index-linked annuity is a product that pleases both annuity issuers and retirement savers.
The design of the contracts lets life insurers adjust just how much investment market risk they and the clients assume, at an affordable price, by tying the crediting rate to the performance of existing investment market indexes rather than to handcrafted investment funds.
U.S. RILA sales amounted to $16.4 billion in the first quarter, up 17.7% from the total for the first quarter of 2024, according to the latest Wink survey data.
An issuer had to generate at least $295 million in RILA sales to rank in the top 12 in this category.
One thing to keep in mind is that falling sales for a product like RILAs may have more to do with an insurer's efforts to manage the kinds of risk it assumes rather than changes in demand for the product.
For a look at the RILA sales totals that the 12 highest-volume issuers reported to Wink, see the gallery accompanying this article.
Credit: Don Baley/iStock
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