sales for the third quarter of 2018 increased 4.72 percent as compared to the prior quarter, and improved
46.26 percent as compared to the same period last year, based on preliminary sales by Wink’s Sales & Market Report.The sales report is in its 85th edition with the
upcoming release for 3rd Quarter, 2018. Note that non-variable
deferred annuities include the indexed annuity, traditional fixed annuity, and
MYGA product lines.
Highlights for the third
quarter 2018 as
compared to second quarter 2018 are:
Indexed annuity sales increased by more than 2 percent over
the prior quarter and by more than 38 percent over the same period last year.
Indexed annuities have a floor of no less than zero percent and limited excess
interest that is determined by the performance of an external index, such as
Standard and Poor’s 500®.
annuity sales increased by
16.7 percent over the prior quarter and rose by 28.7 percent over the same
period last year. Traditional fixed annuities have a fixed rate that is
guaranteed for one year only.
annuity (MYGA) sales increased by 8.10
percent over the prior quarter and were up 63.4 percent over the same period
last year. MYGAs have a fixed rate that is guaranteed for more than one year.
“Americans have had it
with record-low rates on Certificates of Deposit (CD) accounts,” commented
Sheryl J. Moore, author of Wink’s Sales & Market Report. “Recent
increases in annuity rates, coupled with incentives being offered by product
manufacturers have really translated to sales momentum!” she commented.
sales are estimated to be up nearly 40 percent from the prior quarter. Structured annuities have a limited negative
floor and limited excess interest that is determined by the performance of an
external index or subaccounts. “The important thing to remember is that these
aren’t indexed annuities, although some companies are marketing them in that manner,” Sheryl J. Moore asserted.
While Wink currently
reports on indexed annuity, fixed annuity, multi-year guaranteed annuity,
structured annuity, and multiple life insurance lines’ product sales, the firm
looks forward to reporting on variable annuity and all types of income annuity
product sales in the future.
here for the original article.