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

Talk to an Agent

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

Variable Annuity Sales Drop in Q3, Say Insurers


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:

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.