Variable Annuity Sales Fall to 15-Year Low on VolatilityBy
Customers sought safety in fixed annuities, Limra says
Sales may fall at least 15% in 2016, another 25% in 2017
Sales of variable annuities fell to the lowest since 2001 in the first three months of this year as customers flocked to safety amid stock market volatility.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.