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New Analysis Finds 'Income Later' Variable Annuity Sales Rebounded Following Demise of DOL Fiduciary Rule, LIMRA Secure Retirement Institute reports
New LIMRA Secure Retirement Institute (LIMRA SRI) research, examining variable annuity (VA) sales by investment objective, finds VAs designed to provide ‘income later’ through guaranteed living benefit (GLB) riders have rebounded to reach $10.2 billion in the first quarter of 2018.
New LIMRA Secure Retirement Institute Analysis Finds Majority of Annuity Premium Used to Create Guaranteed Income
WINDSOR, Conn., Dec. 14, 2017—New analysis by LIMRA Secure Retirement Institute finds that half of the money ($84.5 billion) invested in annuities in 2016 was used to purchase products that offer guaranteed income – either immediately or for the future.
Delay in DOL Rule Prompts LIMRA Secure Retirement Institute to Adjust its Annuity Sales Forecast in 2018
LIMRA Secure Retirement Institute has revised its annuity sales forecast for 2018, following a delay in the Department of Labor fiduciary rule (DOL rule).