By Cyril Tuohy – InsuranceNewsNet – May 16, 2018
After several uneven quarters for annuity sales, insurers are reporting a strong Q1 in earnings calls. Official sales statistics for the overall market are expected next week, but across several top annuity sellers a peek into their sales numbers augurs well.
Barely a week after the 5th Circuit Court of Appeals effectively killed the DOL Rule, the Federal Reserve raised its short-term benchmark lending rate by a quarter point; rising rates make fixed annuities more attractive to retirement investors, and rates have been climbing steadily since 2016 as the economy improves. LIMRA will report Q1 sales numbers next week, and Wink’s will follow by the end of the month.
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