IRI: Annuity Sales Up 17%  From First Quarter of 2019

According to Beacon Research, fixed annuity sales continue their long-term upward trend, albeit with some product types showing lower sales versus the fourth quarter of 2018. For instance:

“As private pensions fade away, annuities are helping retirees and near retirees use their hard-earned savings to create steady, guaranteed, lifetime income.”  - Wayne Chopus Insured Retirement Institute (IRI) President and CEO

Though overall annuity sales fell 3.6% in the first quarter of 2019, with combined sales of fixed and variable annuities of $57.8 billion as compared to sales of $59.9 billion in the fourth quarter of 2018*, sales remain solidly above year ago levels, up 17.5% from total annuity sales of $49.2 billion in the first quarter of 2018.

* Information provided by IRI, based on data reported by Beacon Research and Morningstar, Inc.

Emily Holbrook, Owner of Red Label Writing, LLC., is a veteran writer, editor, custom content strategist and wordsmith with 15 years experience in the content and publishing world.