As interest rates spiked in the first quarter of 2023, carriers offered more liberal payouts, spurring a significant rise in the sale of indexed annuities with guaranteed living benefits.
While Limra has predicted in previous forecasts that the FIA market will continue to grow, primarily for products without a living benefit, first quarter data shows marked improvement in both areas. Sales of indexed annuities with a living benefit rose 36% in the first quarter of 2023 to $7.9 billion.
Nathan Herzog is Senior Account Manager at DFS Marketing, working closely with top producing agents to help protect their client’s retirements. He also holds an active life license, and does personal production himself when out of the office, so he can always put himself in the shoes of the agent.
Learn more about Nathan
Learn more about Nathan
Latest posts by Nathan Herzog (see all)
- 4 Retirement Gaps Your Clients May Be Overlooking - February 16, 2024
- Annuities Can Help Retirees Avoid These Major Risks - December 20, 2023
- Living Benefits Sales Up: Learn How They Enhance FIAs - August 29, 2023
