Good news for fixed indexed annuities as sales increased thirteen percent in 2015, leading to its best-ever sales year. This would be the eighth year of growth for indexed annuities. Part of the best-ever year was the record breaking fourth quarter with sixteen point one billion dollars in sales.
According to LIMRA there are a number of factors to thank. Market volatility, caps and participation rates, and distribution channels warming up to indexed annuity products have all aided in the surge in indexed annuity popularity.
While indexed annuities sales continue to grow, variable annuity sales are on the opposite end of the spectrum with four years of falling sales, a five percent drop since 2014.