Second Quarter 2010 Indexed Insurance Sales
August 14, 2010 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 2nd Quarter 2010 shows second quarter 2010 indexed annuity sales were $8379 million compared with sales of $6819 million for the previous quarter. Second quarter sales were up nearly 23% when compared with the previous quarter and down less than 0.20% when compared with the same period one year ago.
Total 2Q2010 Indexed Annuity Sales were $8,379,360,553.
Top ten indexed annuity carriers for the second quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. Lincoln National Life
5. North American Company
6. Midland National Life
7. ING
8. Jackson National Life
9. National Life Group (LSW)
10. National Western
Average Commission
The average agent commission was 6.76%.
Leaders by Channel
Agency- Allianz Life
Bank- Lincoln National Life
Wirehouse- Jackson National Life
Career- Conseco
Indexed Life
Indexed life sales were $165 million compared with sales of $143 million for the previous quarter. Second quarter sales were up over 16% when compared with the previous quarter and up more than 25% when compared with the same period one year ago. It was a record-setting quarter for indexed life sales.
Total 2Q2010 Indexed Life Sales were $ 165,890,618.
Top ten indexed life carriers for the second quarter:
1. Aviva
2. Pacific Life Companies
3. Penn Mutual
4. AEGON Companies
5. Minnesota Life
6. National Life Group (NLV/LSW)
7. Allianz Life
8. National Western
9. Union Central Life (UNIFI)
10. Midland National Life
Average Target Premium
The average target premium paid was $7,036.
Leaders by Channel
Agency- Aviva
Bank- N/A
Wirehouse- RBC Insurance
Career- Union Central
