Indexed annuity sales surged 15% in Q4 to $11.5B, data show

03/14/2014 | National Underwriter Life & Health

Sales of indexed annuities reached $11.5 billion in the final quarter of 2013, as products continued to gain in the bank and wirehouse channels, according to Wink's Sales & Market Report. "2013 was the year for setting and conquering all previous sales records," said Sheryl Moore, president and CEO of Wink. She added that "more attractive rates on these products are increasing sales in the independent agent distribution as well -- it is a win/win for the industry."

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