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2018 Annuity Sales Smash Records Across The Board, Wink Reports

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Annuity sales smashed several records in 2018, Wink reports.

Annuity sales rebounded in a big way throughout 2018, Wink reports. For example, total non-variable deferred annuities sales were $113.6 billion, an increase of 29.1 percent over 2017. Non-variable deferred annuities include the indexed annuity, traditional fixed annuity, and MYGA product lines.

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The United States House of Representatives Committee on Financial Services and the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing Thursday morning examining the Securities and Exchange Commissions proposed Regulation Best Interest rule.

Principal Financial is deep in talks to acquire the Wells Fargo retirement plan business in a deal estimated at about $1 billion, Reuters reports.

Starting a conversation about disability insurance may be easier than you think.

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