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LIMRA: Annuity sales up 12% in third quarter

25 Nov 2021 1:07 PM | Kathy Countryman (Administrator)

Annuity sales in the third quarter rose 12% from a year ago to $62.3 billion, according to the Secure Retirement Institute, while annuity sales are up 19% year to date. Todd Giesing, assistant vice president, director of SRI Annuity Research, said 49% of total sales used non-qualified assets, which is "a key indication that tax deferral is a significant driver of growth in 2021."


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