Third Quarter 2010 Indexed Insurance Sales
November 15, 2010 by Sheryl J. Moore
THIRD QUARTER INDEXED ANNUITY SALES BLEW ALL PREVIOUS RECORDS OUT OF THE WATER! Read on…
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 3rd Quarter 2010 shows third quarter 2010 indexed annuity sales were $8770 million compared with sales of $8379 million for the previous quarter. Third quarter sales were up nearly 5% when compared with the previous quarter and up almost 16% when compared with the same period one year ago. It was a record-setting quarter for indexed annuity sales.
Total 3Q2010 Indexed Annuity Sales were $8,770,313,225.
Top ten indexed annuity carriers for the third quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. Lincoln National Life
5. ING
6. Jackson National Life
7. Midland National Life
8. North American Company
9. National Life Group (LSW)
10. GAFRI
Average Commission
The average agent commission was 6.50%.
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 $165 million for the previous quarter. Third quarter sales were level when compared with the previous quarter and up nearly 27% when compared with the same period one year ago. It is worth noting that six new insurance companies entered the indexed life market this third quarter.
Total 3Q2010 Indexed Life Sales were $ 165,638,026.
Top ten indexed life carriers for the third quarter:
1. Pacific Life Companies
2. Aviva
3. Minnesota Life
4. AEGON Companies
5. National Life Group (NLV/LSW)
6. Penn Mutual
7. Midland National Life
8. Allianz Life
9. National Western
10. Union Central Life (UNIFI)
Average Target Premium
The average target premium paid was $7,978.
Leaders by Channel
Agency- Minnesota Life
Bank- N/A
Wirehouse- RBC Insurance
Career- Union Central (UNIFI)
