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November 21, 2016

FIAs Record Strongest Growth In 3Q: LIMRA

Fixed indexed annuity (FIA) sales increased five percent in the third quarter, to $15.0 billion, according to LIMRA Secure Retirement Institute’s Third Quarter U.S. Annuity Sales survey

In the first nine months of 2016, FIA sales increased 22 percent compared to prior year to $46.9 billion.

“While most other annuity products have faltered because of falling interest rates and anticipation of the Department of Labor (DOL) fiduciary rule, FIAs continue to thrive,” said Todd Giesing, assistant research director, LIMRA Secure Retirement Institute. “Indexed annuities are on pace to exceed $60.0 billion by year end, a 10 to 15 percent increase over prior year.”


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