Fixed Annuity Sales Surge

By Brent Meyer — SafeMoney.com Founder & Editor Reviewed by Licensed Financial Professionals  |  SafeMoney.com — Trusted Since 2011  |  Updated Regularly Quick Answer: Discover the rise in fixed annuity sales and how these guaranteed solutions can provide income stability. Explore your options today at SafeMoney.com. Related Articles What Is A Fixed Index Annuity | Annuity Guide Fixed Index Annuity Riders | Annuity Guide Myga Annuity Explained Guide | Annuity Guide Fixed Vs Variable Annuity | Annuity Guide Key Takeaways Fixed annuities are experiencing record sales, providing a reliable income source for retirees. These guaranteed solutions offer stability in uncertain financial markets. Explore various fixed annuity options to enhance your retirement strategy. Utilize retirement calculators to assess your income needs. Consult a SafeMoney certified advisor for personalized retirement planning. Quick Answer Fixed annuity sales are surging due to rising interest rates and a favorable regulatory environment. These guaranteed solutions offer retirees and pre-retirees a stable income and protection for their investments. SafeMoney Editorial Team  |  Reviewed by Licensed Financial Professionals  |  Updated Regularly The Surge in Fixed Annuity Sales Fixed annuity sales have reached near-record levels, driven by rising interest rates and a relaxed regulatory environment. According to the LIMRA Secure Retirement Institute, total fixed annuity sales hit $33.7 billion in the second quarter of 2018, marking an 18% increase from the previous year. This growth reflects a strong demand for guaranteed income solutions among retirees and pre-retirees. Why Fixed Annuities Are Gaining Popularity The appeal of fixed annuities lies in their ability to provide stable, guaranteed income. With interest rates on the rise, these products become even more attractive as they offer improved returns. Additionally, the easing of regulatory pressures has made it easier for financial markets to promote these safe money alternatives. Benefits for Consumers and Carriers Both consumers and insurance carriers benefit from the surge in fixed annuity sales. For consumers, the increased sales mean more competitive products with enhanced features. Insurance carriers, strengthened by higher sales, can offer better contract benefits and features without additional costs. Feature Benefit Guaranteed Income Provides a steady income stream for retirees. Prot