{"id":21496,"date":"2024-03-05T22:18:13","date_gmt":"2024-03-05T22:18:13","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/03\/05\/multi-year-guaranteed-annuity-sales-get-back-on-the-rocket\/"},"modified":"2024-03-05T22:18:13","modified_gmt":"2024-03-05T22:18:13","slug":"multi-year-guaranteed-annuity-sales-get-back-on-the-rocket","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/03\/05\/multi-year-guaranteed-annuity-sales-get-back-on-the-rocket\/","title":{"rendered":"Multi-Year Guaranteed Annuity Sales Get Back on the Rocket"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/873090752\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/03\/2022-3-3-rocket_NASA_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/03\/2022-3-3-rocket_NASA_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">U.S. life insurers refilled their tanks of multi-year guaranteed annuity capital in the fourth quarter of 2023.<\/p>\n<p>Life insurers let sales of the products rocket up to $53 billion in the quarter, up 48% from the total recorded in the fourth quarter of 2022, after increasing just 13% in the third quarter of 2023, according to a new issuer survey compiled by <a href=\"https:\/\/www.winkintel.com\/\" target=\"_blank\" rel=\"noopener\">Wink<\/a>.<\/p>\n<p>MYGA sales growth was especially strong in 2022, thanks to rising interest rates. Complaints about the amount of capital needed to support the products began to bubble up in 2023.<\/p>\n<p>Wink survey participants said their total fourth-quarter individual deferred annuity sales increased 33%, year over year, to $105 billion.<\/p>\n<p>LIMRA, which conducts a <a href=\"https:\/\/www.limra.com\/en\/newsroom\/fact-tank\/\" target=\"_blank\" rel=\"noopener\">separate survey<\/a> that includes a wider range of products, says&nbsp;the issuers in its sample increased total U.S. individual annuity sales by 29%, to $115 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. life insurers refilled their tanks of multi-year guaranteed annuity capital in the fourth quarter of 2023. Life insurers let sales of the products rocket up to $53 billion in the quarter, up 48%&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/03\/multi-year-guaranteed-annuity-sales-get-back-on-the-rocket.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21496"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21496"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21497"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}