Tip: Still Selling Strong. In 2015, investors purchased $236.7 billion in annuity contracts. Most of this capital—$133 billion—went into variable annuities.
Source: LIMRA, 2016
Individuals hold more than $2.0 trillion in annuity contracts; a tidy sum considering an estimated $7.4 trillion is held in all types of IRAs. 1
Annuity contracts are purchased from an insurance company. The insurance company will then make regular payments — either immediately or at some date in the future. […]