2Q FIA Sales Hit Record

August 17, 2009 by Linda Koco

Fixed indexed annuity sales hit a new record in the second quarter of 2009, according to AnnuitySpecs.com.

Total sales were $8.3 billion–up 18.3% from the previous quarter and up 21.2% from the second quarter of 2008, says Sheryl J. Moore, president and chief executive officer of the Des Moines, Iowa, annuity tracking service.

The previous sales record for indexed annuities was posted in the second quarter of 2005, when sales nearly reached $7.5 billion, according to AnnuitySpecs. Click here to read…

Originally Posted at LifeHealthPro on August 17, 2009 by Linda Koco.