Third quarter indexed annuity sales results have just been released by Wink, Inc. In a press release for Insurance News Net, the said that “YTD Indexed Annuity Sales (were) Greater Than Any Year But 2013.” Wink’s Sales & Market Report represents the sales figures from 47 indexed annuity carriers, or 99.8% of the market. Indexed annuity sales were $11.4 billion, a 14.28% increase from the third quarter of last year. This year’s third quarter sales were down 8.58% from the second quarter. But the year to date indexed annuity sales figures are strong. They are at the highest level ever, with the exception of a record-setting 2013. Sheryl J. Moore of Moore Market Intelligence and Wink, Inc. believes that indexed annuities are likely to sell more than $45 billion this year.
Allianz Life remained the top seller of indexed annuities during the third quarter. They maintained a market share of 26.80%. The Allianz 222 indexed annuity was the best selling indexed annuity product during the third quarter. American Equity had the second highest sales and Security Benefit Life the third highest. The fourth and fifth top sellers were Great American Insurance Group and Athene USA. The article also summarized the indexed life sales for the third quarter. With an increasing number of companies entering the indexed life sales market, they saw a sales increase from both last year’s figures and from the second to the third quarter. Pacific Life held the top spot for sales with 11.61% of the market share. Aegon, National Life Group, Minnesota Life and Zurich American Life held spots 2-5. The top selling indexed life product was Western Reserve Life’s WRL Financial Foundation product.
Indexed annuity and indexed life products offer unique solutions to financial planning needs. Strong sales figures show that consumers appreciate the value and benefits of indexed products. Indexed annuities offer principal protection along with the potential of market gains and a wealth of other benefits. While they are not the right annuity for everyone, their strong sales figures show that they are worth consideration when creating an income stream for your retirement. Speak with an expert at Annuity FYI if you have any questions about indexed annuity products.