Credit: facegolf/Adobe Stock
Sales of two types of variable annuities — traditional variable annuities and registered index-linked annuities — continued to rise in the third quarter, even as sales of fixed annuities dropped slightly.
Traditional variable annuity sales increased to $17 billion, up 11% from sales for the third quarter of 2024, according to new survey data from LIMRA.
RILA sales climbed 20%, to $21 billion.
But, possibly because of retirement savers' increasing comfort with the stability of the stock market, insurers' increasing focus on the RILA market and the difficulty of competing with strong growth in 2024 sales, sales of fixed indexed annuity sales fell 6% during the quarter, to $33 billion.
Sales of traditional fixed annuity sales rose 3%, to $42 billion.
Total U.S. individual annuity sales increased 4%, to $119 billion.
Credit: facegolf/Adobe Stock
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