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Indexed Annuity Sales Projected To Grow Nearly 40% By 2023

FYI: Indexed annuities, fresh off a record sales year, are poised for substantial growth over the next four years, according to projections from Limra, an insurance industry group that expects the stock market to remain volatile and interest rates to continue their steady ascent.

Limra projects that sales of indexed annuities — a type of fixed annuity — will rise to $96 billion by the end of 2023. That's $26.4 billion more than last year's total — a 38% increase.
Regards,
Ted
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