The annuity industry has literally had its ups and downs lately. And while the road ahead may split in different directions, advisers who know how to decipher the signposts can help clients stay on course.
For the first quarter of 2016 (the latest data available), fixed indexed annuity sales jumped by 35% over the prior year’s period, according to the LIMRA Secure Retirement Institute. That’s the eighth consecutive year of growth. Meanwhile, variable annuity sales dropped 18%, to reach the lowest level of VA sales since 2001.
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