Fee-Based Annuity Sales on the Rise at Lincoln
November 14, 2017 by Cyril Tuohy
Sales of all types of fee-based annuities sold by Lincoln Financial totaled $79 million in the third quarter, nearly as much as the company’s entire fee-based annuity sales in 2016, the company’s CEO said last week.
The sales bump might be an indicator of rising acceptance of fee-based products in light of tightened regulation. Lincoln sells fee-based variable and indexed annuities.
Third-quarter annuity sales dripped 1 percent to $1.9 billion compared to the year-ago quarter, Lincoln Financial said.
Click HERE to read the full story via INN; subscription required.