New first-quarter annuity sales figures released this week by the Secure Retirement Institute confirmed that the rebound is fully realized.
Rising interest rates and roaring stock market gains pushed the the U.S. annuity market to big growth. In the first quarter, total annuity sales were $60.9 billion, a 9% increase from first quarter 2020, according to preliminary results from the SRI’s U.S. Individual Annuity Sales Survey.
But Todd Giesing, senior annuity research director, SRI, said the news is not all great within the quick annuity sales turnaround. He plans to discuss it today during an annuity forecast session at the LIMRA […]
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