Sentences with phrase «quarter indexed annuity sales»
Fourth quarter indexed annuity sales totaled $ 14.7 billion, a 7 percent rebound from prior quarter and a 5 percent increase, compared with fourth quarter 2016 results.
https://insurancenewsnet.com/
In addition, 12 percent of fourth quarter indexed annuity sales went to a fixed (bond) index, Wink reported.
Not exact matches
Indexed annuity sales for the fourth quarter were $ 13.6 billion; up 6.4 % when compared to the previous quarter, and up 2.3 % when compared with the same period last year.
Fifty - eight indexed annuity providers, 52 fixed annuity providers, and 60 MYGA companies participated in the 82nd edition of Wink's Sales & Market Report for 4th Quarter, 2017.
Wink will begin this process by requesting sales of indexed variable annuities (a.k.a. structured variable annuities, collared variable annuities, and buffered variable annuities) beginning first quarter, 2018.
Overall, the indexed annuity market cooled significantly at the end of last year as fourth quarter sales fizzled 13 percent to $ 14 billion compared with the year - ago period, according to industry tracker LIMRA Secure Retirement Institute.
With the exception of second quarter 2014, fixed index annuity (FIA) sales were «greater this quarter than in any other second quarter in the history of the product line,» said Sheryl J. Moore, president and CEO of both Wink Inc. and Moore Market Intelligence.