Are you worried about the future of your retirement? With the ongoing economic uncertainty and the possibility of the dollar collapsing, it’s never been more important to secure your financial future. And that’s where fixed indexed annuities come in.
Firstly, let’s talk numbers. In 2020 alone, fixed indexed annuities had $74.5 billion in sales, with over $221 billion in total annuity sales. In fact, fixed indexed annuities have seen steady growth over the past five years, with $68.1 billion in 2019, $64.3 billion in 2018, $57.6 billion in 2017, and $54.5 billion in 2016.
Total annuity sales:
2020: $219.4 billion
2019: $241.7 billion
2018: $232.1 billion
2017: $203.5 billion
2016: $233.8 billion
TOTAL FIXED INDEXED ANNUITY SALES:
2020: $87.6 billion
2019: $74.2 billion
2018: $68.1 billion
2017: $60.2 billion
2016: $60.1 billion
Total Variable Annuity sales:
2020: $95.6 billion
2019: $105.8 billion
2018: $97.6 billion
2017: $105.7 billion
2016: $106.6 billion
Total Indexed Annuities
2020: $73.2 billion
2019: $74.3 billion
2018: $69.6 billion
2017: $61.9 billion
2016: $60.7 billion
Sources: LIMRA Secure Retirement Institute, U.S. Individual Annuity Sales Survey, Fourth Quarter and Year-End 2020 LIMRA Secure Retirement Institute, U.S. Individual Annuity Sales Survey, Fourth Quarter and Year-End 2019 LIMRA Secure Retirement Institute, U.S. Individual Annuity Sales Survey, Fourth Quarter and Year-End 2018 LIMRA Secure Retirement Institute, U.S. Individual Annuity Sales Survey, Fourth Quarter and Year-End 2017 LIMRA Secure Retirement Institute, U.S. Individual Annuity Sales Survey, Fourth Quarter and Year-End 2016
But why are fixed indexed annuities so popular? For one, they offer a fixed rate of return, protecting you against market volatility. And unlike traditional annuities, fixed indexed annuities also offer the opportunity for your returns to be linked to the performance of a stock market index, such as the S&P 500. This means you can potentially benefit from market gains without being exposed to market losses.
Furthermore, fixed indexed annuities also offer a range of benefits such as tax-deferred growth, protection of principal, and guaranteed income for life. In uncertain times, having a guaranteed stream of income can offer peace of mind and security.
It’s important to note that fixed indexed annuities are not a one-size-fits-all solution, and it’s important to do your research and speak with a financial professional before making any decisions. But in a time of economic uncertainty, fixed indexed annuities offer a safe haven for your retirement savings.
And even in the midst of a pandemic, fixed indexed annuities continued to perform well, with no decrease in sales. So why wait? Now is the time to secure your financial future and explore the benefits of fixed indexed annuities.
Don’t wait until it’s too late! Protect your retirement savings with fixed indexed annuities. The collapsing dollar, economic downturns, and rising taxes threaten your financial future. CONTACT US NOW to schedule an appointment and secure your retirement income.
Your peace of mind is priceless.
- Insurance News Net. (2021). Annuity Sales Reach $221 Billion in 2020, According to Wink. Retrieved from https://insurancenewsnet.com/innarticle/annuity-sales-reach-221-billion-in-2020-according-to-wink
- Insurance News Net. (2020). Fixed Indexed Annuities Sales Up 3% in 2019: Wink. Retrieved from https://insurancenewsnet.com/innarticle/fixed-indexed-annuities-sales-up-3-in-2019-wink
- Insurance News Net. (2019). 2018 Fixed Indexed Annuity Sales Break Record. Retrieved from https://insurancenewsnet.com/innarticle/2018-fixed-indexed-annuity-sales-break-record
- Insurance News Net. (2018). 2017 Fixed Indexed Annuity Sales Up 17% to Record High. Retrieved from https://insurancenewsnet.com/innarticle/2017-fixed-indexed-annuity-sales-17-record-high
- Insurance News Net. (2017). 2016 Indexed Annuity Sales Shatter Record. Retrieved from https://insurancenewsnet.com/innarticle/2016-indexed-annuity-sales-shatter-record