Third Quarter 2011 Indexed Insurance Sales
November 15, 2011 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 3rd Quarter 2011 shows third quarter 2011 indexed annuity sales were $8702 million, compared with sales of $8772 million for the third quarter of 2010. Third quarter indexed annuity sales were up over 5% when compared with the previous quarter, and down less than 1% when compared with the same period last year. This was the second-largest quarter for indexed annuity sales, falling just short of the 3Q2010 record by just 0.80%.
Total 3Q2011 indexed annuity sales were $8,702,201,696.
The top ten indexed annuity carriers for the third quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. GAFRI
5. Lincoln National Life
6. North American Company
7. Jackson National Life
8. Midland National Life
9. Security Benefit Life
10. ING
Average Commission
The average agent commission was 6.60%.
Leaders by Channel
Agency- Allianz Life
Bank- Lincoln National Life
Wirehouse- Jackson National Life
Career- Aviva
Indexed Life
Sales of indexed life for the third quarter of 2011 were $251 million, compared with sales of $165 million for the third quarter of 2010. Third quarter indexed life sales were up nearly 20% when compared with the previous quarter, and up almost 52% as compared to the same period last year. This was the second consecutive record-setting quarter for indexed life sales in 2011.
Total 3Q2011 indexed life sales were $251,160,021.
The top ten indexed life carriers for the third quarter:
1. AXA Equitable
2. Aviva
3. Pacific Life Companies
4. AEGON Companies
5. National Western
6. Penn Mutual
7. National Life Group (NLV/LSW)
8. Minnesota Life
9. Allianz Life
10. Midland National Life
Average Target Premium
The average target premium paid was $8,898.
Leaders by Channel
Agency- AXA Equitable
Bank- N/A
Wirehouse- Pacific Life Companies
Career- AXA Equitable
