AnnuitySpecs.com Reports 13% Rise in Fixed Indexed Annuities Sales
May 24, 2012 by Warren S. Hersch
May 22, 2012 •
Sales of fixed indexed annuities rose 13% in the first quarter of 2012, according to a new report.
AnnuitySpecs.com, a unit of Moore Market Intelligence, published this finding in the site’s 59th edition of Indexed Sales & Market Report, which provides sales by product, company, crediting method, index, distribution, surrender charge period and other criteria. Forty-four indexed annuity carriers participated in the report, representing 99% of indexed annuity production.
The report reveals that sales of fixed indexed annuities reached $8.0 billion in the first quarter of 2012, down less than 3% from the previous quarter, but up by more than 13% compared to the same period one year ago. Click here to read more…