Single premium pension buy-outs remained strong in the second quarter of 2018, says a recent report, marking more than four years in which sales exceeded $1 billion in each quarter.
The LIMRA Secure Retirement Institute reports that in the second quarter of 2018, pension buy-outs were greater than $8.2 billion. That was the second highest second quarter figure they have reported in the last 15 years and more than double the sales of the same period in 2017. And it was the 13th consecutive quarter with pension buy-out sales amounting to more than $1 billion, LIMRA says.
Buy-out products’ assets amounted to more than $121 billion in the second quarter of 2018, LIMRA reports, which is almost 23% higher than during the same time in 2017.
For the first half of 2018, LIMRA says, pension buy-out sales totaled $9.6 billion, 76% higher than in the same period last year. LIMRA projects that sales will be more than $23 billion this year.
The LIMRA Secure Retirement Institute reports that in the second quarter of 2018, pension buy-outs were greater than $8.2 billion. That was the second highest second quarter figure they have reported in the last 15 years and more than double the sales of the same period in 2017. And it was the 13th consecutive quarter with pension buy-out sales amounting to more than $1 billion, LIMRA says.
Buy-out products’ assets amounted to more than $121 billion in the second quarter of 2018, LIMRA reports, which is almost 23% higher than during the same time in 2017.
For the first half of 2018, LIMRA says, pension buy-out sales totaled $9.6 billion, 76% higher than in the same period last year. LIMRA projects that sales will be more than $23 billion this year.
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