Buffered Annuities Boost Allianz Sales In 1Q
May 17, 2018 by Cyril Tuohy
Sales of life and annuity products in the U.S. rose 4 percent in the first quarter to $2.5 billion compared to the year-ago period, Allianz SE reported.
Buffered variable annuities were largely responsible for the sales growth, the company said.
Buffered VAs are structured to protect, or buffer, buyers against most market losses – but not the huge losses – in exchange for a higher cap on credited interest.
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Originally Posted at InsuranceNewsNet on May 17, 2018 by Cyril Tuohy.
Categories: Industry Articles