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Monday April 21st 2014

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Posts Tagged ‘LIMRA’

Low Interest Rates Don’t Spoil Fixed-Annuity Party

Low Interest Rates Don’t Spoil Fixed-Annuity Party

Despite historically low interest rates, fixed annuity sales are hitting record setting levels as the demand for transfer of risk guarantees continue to grow. Sales of single-premium immediate annuities and fixed-index Annuities hit historic heights in 2013, according to recent numbers released by the industry data group, LIMRA. Even fixed-rate [...]

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, [...]

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 [...]