Annuities Are Hot. Sales Just Smashed Quarterly Records.

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Annuity sales set yet another record in the first quarter as conservative investors sought stability and protection against downside risk amid volatile markets and rising interest rates.

In the first quarter, annuity sales checked in at $92.9 billion, up 47% from the same period in 2022 and a record for a three-month period, according to a new report from the trade group Limra.

“Market...

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