Image credit: © Zolak Zolak | Dreamstime.com Last week, LIMRA announced that total U.S. annuity sales were $113.5 billion in the first quarter of 2024, 21% above prior year results and just shy of the quarterly sales record set in the fourth quarter 2023. But in addition to the growing demand for retail annuities, LIMRA also found a surge in worker interest to invest in an annuity within their employer-sponsored retirement plan.
In 2023, over three-quarters of defined contribution (DC) plan participants in their 40s, and two-thirds of all participants, would be likely to invest in an in-plan annuity if […]
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