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Jackson National top seller of annuities in 2020
The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
March 10, 2021
With sales of $17.9 billion, Jackson National Life topped the total annuity sales chart in 2020. The insurance company also led in variable annuities, with sales of $16.5 billion.
The remaining Top Five leaders in overall annuity sales were AIG Cos. ($14.5 billion), New York Life ($13.7 billion), Lincoln Financial Group ($11.6 billion) and Equitable Financial ($10.5 billion), according to data collected by Limra’s Secure Retirement Institute.
The other leaders in variable annuity sales were Equitable Financial ($10.5 billion), Lincoln Financial Group ($10 billion), TIAA ($10.6 billion) and Brighthouse Financial ($6 billion).