Updated September 22, 2023, at 3:41 PM

Did you know that annuity sales are on the rise? The Secure Retirement Institute (SRI) released its U.S. Individual Annuity Sales Survey identifying a record in annuity sales. These sales were up 14% over the first quarter of 2021 at $35.2 billion.

The increase comes on the heels of woeful annuity sales in 2020 at the height of the pandemic when markets nose-dived by 30% alongside threats of a total economic shutdown.