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Wednesday April 23rd 2014

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Posts Tagged ‘annuity sales’

Annuity Sales Set Record in 2013

Annuity Sales Set Record in 2013

Sales of immediate annuities hit a record $8.3 billion last year, according to data collected by the industry group Limra; in the late 1990s, they averaged less than a third of that. That alone wouldn’t be newsworthy, except that investors typically shun this type of financial product, which provides retirees with a secure stream of payments, [...]

New York Life, Allianz Life Among Indexed, Income Annuity Leaders

New York Life, Allianz Life Among Indexed, Income Annuity Leaders

Income annuity results for Q4 2012 were $2.4 billion, an increase of 7.2 percent from last year and a 0.3 percent increase from Q3 2012. It was the third consecutive quarterly improvement, Beacon said. Year-over-year, income annuity sales increased 8.5 percent to $9.2 billion in their third-consecutive year of growth, and deferred income annuities [...]

2012 Annuity Sales Are a Mixed Bag

2012 Annuity Sales Are a Mixed Bag

While a number of annuity markets experienced record sales in 2012, total annuity sales dropped 8 percent, tallying $219.4 billion, according to LIMRA's fourth quarter 2012 U.S. Individual Annuities Sales survey. For the fourth quarter, total annuity sales were $52.6 billion, a decline of 8 percent from the previous year. Indexed annuity sales [...]