Speak with a Registered Agent: 1-866-223-2121

Request Information

Talk to an Agent

Request Info

Speak with a Registered Agent: 1-866-223-2121

Contact Us By Email

Variable Annuity Sales Drop in Q3, Say Insurers


By

LIMRA, a trade group of insurers, has just released their quarterly report for the life insurance industry. In the third quarter results, variable annuity options took a significant hit amid the recent stock market confusion.

According to their press release:

  • Variable annuity sales are off by 17%
  • Variable life insurance and variable universal life sales have dropped 33% in the last quarter.
LIMRA product research analyst Ashley Durham blames the struggling equity market for this decline.
On the other hand, sales of fixed annuities are up by 46% in Q3. The Hartford Courant reasons that this may be due to insurers taking on the investment risk of those products.

For more information about the product mentioned in this article contact us here:

Request More Information
Call 1-866-223-2121

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help.

Your resource for learning about, comparing, and selecting the most competitive annuities since 2000.

Speak with a Registered Agent:
1-866-223-2121

Contact Us By Email

© Copyright AnnuityFYI 2023

The following disclaimer governs the use of staging.annuityfyi.com and links from it. By using this website, you agree to the following Disclaimer, Terms and Conditions, and Privacy Policy. The term “you” means a user of this website. The term “our” or “we” means Annuity FYI, its website(s), and any agent of Annuity FYI. The website is owned by AFYI Holdings Group, LLC (“Annuity FYI”), a Florida company. Annuity FYI provides users with general and educational information about annuities and may refer users to unaffiliated financial professionals who are licensed in the user’s state and thereby qualified to address a user’s individual financial situation, which could include evaluating an annuity, providing rates or illustrations and discussing investment risks. Annuity FYI offers no financial products and does not furnish individual investment or financial advice. All quotes, applications, rate lock ins, or offers to sell are handled by an unrelated financial services firm that is not affiliated with or owned by AFYI Holdings Group LLC. Any information provided through this website or through links to other websites are provided for educational and general informational purposes only and should not be construed as legal, investment, financial or tax advice. The information published at this website is not intended to be a recommendation to purchase an annuity. You are strongly urged to consult with a financial professional to determine if an annuity product is suitable to your financial situation. Annuity FYI accepts no responsibility for any investment decision made by any user of this website, and it is not responsible for any advice or recommendation made to any user by unaffiliated financial professionals to whom the user is referred. Annuity FYI does not receive compensation from any of the insurance companies on this website. Annuity FYI shares user information, and is compensated by, unaffiliated financial professionals who have access to user information submitted to Annuity FYI (see Privacy Policy).