FIA sales are strong year over year

Sales of fixed index annuities surged to almost $12.3 billion in the second quarter, an almost 8% increase over the first quarter total, according to data from Wink. In the second quarter, sales of conventional fixed annuities topped $3.7 billion and sales of multiyear guaranteed annuities came in just over $4.2 billion, Wink said. InsuranceNewsNet online (9/2)