In 2017, total annuity sales were $203.5 billion, falling 8 percent from 2016 levels, according to LIMRA Secure Retirement Institute (LIMRA SRI) research. Companies continued to face economic and regulatory challenges as prolonged low interest rates and anticipation of the Department of Labor (DOL) fiduciary rule damped manufacturers’ appetite for business. Yet the announced delay to implement the DOL rule until July 2019 and rising interest rates propelled a rebound in sales in the fourth quarter.qaq0ficezn
Alison Salka, Ph.D.
LIMRA Unplugged is a video podcast series designed to explore issues and trends within the financial services industry. Hosted by Alison Salka, LIMRA research director, and Jim Kerley, LIMRA chief membership officer, the series combines LIMRA research with real-world insights to offer an in-depth understanding about market challenges and opportunities.