{"id":22351,"date":"2024-08-22T22:22:40","date_gmt":"2024-08-22T22:22:40","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/08\/22\/traditional-variable-annuities-join-the-sales-party\/"},"modified":"2024-08-22T22:22:40","modified_gmt":"2024-08-22T22:22:40","slug":"traditional-variable-annuities-join-the-sales-party","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/08\/22\/traditional-variable-annuities-join-the-sales-party\/","title":{"rendered":"Traditional Variable Annuities Join the Sales Party"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/903324368\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/06\/Happy_Couple_Advisor_Adobe_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/06\/Happy_Couple_Advisor_Adobe_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">Demand for annuities was so strong in the second quarter that sales of traditional variable annuities climbed to $16.5 billion, up 20% from the total recorded in the second quarter of 2023, according to new issuer survey data from Wink.<\/p>\n<p>Registered index-linked annuities were the&nbsp;annuities with the strongest second-quarter performance: Their sales increased 45%, year&nbsp;over year.<\/p>\n<p>Sales of all types of annuities that Wink has tracked for at least a year rose 31%, to $110 billion.<\/p>\n<p>The United States generated $29 billion in <a href=\"https:\/\/www.bea.gov\/data\/gdp\/gross-domestic-product\" target=\"_blank\" rel=\"noopener\">gross domestic product<\/a> in the second quarter. Individual deferred annuity sales amounted to 0.4% of GDP.<\/p>\n<p><strong>What it means: <\/strong>Many retirement savers are willing to pay insurers to absorb some or all of their market risk.<\/p>\n<p><strong>Variable Annuities vs. RILAs:<\/strong>&nbsp;An annuity contract is an arrangement that a client can use to accumulate assets and convert the assets into a stream of income.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demand for annuities was so strong in the second quarter that sales of traditional variable annuities climbed to $16.5 billion, up 20% from the total recorded in the second quarter of 2023, according to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22352,"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\/08\/traditional-variable-annuities-join-the-sales-party.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22351"}],"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=22351"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22352"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}