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Annuity sales spike as investors sought protection in Q4
Total U.S. annuity sales hit $58.7 billion in the last three months of the year, up 2% from the $57.6 billion during the same timeframe in 2019, according to data published by Limra’s Secure Retirement Institute. But sales were down for the full year.
January 26, 2021 3 MINS
Annuity sales saw a bump during the fourth quarter of 2020 as investors sought refuge from a volatile market and uncertain world.
Total U.S. annuity sales hit $58.7 billion in the last three months of the year, up 2% from the $57.6 billion during the same period in 2019, according to data published today by Limra’s Secure Retirement Institute. But sales were down for the full year, at $219.1 billion, versus $241.7 billion in 2019.