Fourth Quarter 2011 Indexed Insurance Sales
March 14, 2012 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 4th Quarter 2011 shows fourth quarter 2011 indexed annuity sales were $8295 million, compared with sales of $8374 million for the fourth quarter of 2010. Fourth quarter indexed annuity sales were down nearly 5.00% when compared with the previous quarter, and down just under 1.00% when compared with the same period last year. This was the fourth consecutive record year for indexed annuity sales, topping the previous 2010 record by 0.13%.
Total 4Q2011 indexed annuity sales were $8,295,809,681.
The top ten indexed annuity carriers for the fourth quarter:
1. Allianz Life
2. Aviva
3. American Equity
4. GAFRI
5. Midland National Life
6. Security Benefit Life
7. Jackson National Life
8. North American Company
9. Fidelity & Guaranty Life
10. Lincoln National Life
Average Commission
The average agent commission was 6.33%.
Leaders by Channel
Agency- Allianz Life
Bank- Jackson National Life
Wirehouse- Jackson National Life
Career- Aviva
Total 2011 indexed annuity sales were $32,387,045,360.
The top ten indexed annuity carriers for 2011:
1. Allianz Life
2. Aviva
3. American Equity
4. GAFRI
5. North American Company
6. Lincoln National Life
7. Midland National Life
8. Jackson National Life
9. ING
10. Security Benefit Life
Indexed Life
Sales of indexed life for the fourth quarter of 2011 were $321 million, compared with sales of $221 million for the fourth quarter of 2010. Fourth quarter indexed life sales were up nearly 29% when compared with the previous quarter, and up over 45% as compared to the same period last year. It was both a record-setting quarter and a record-setting year for indexed life sales. In addition to hitting record sales for the fourth consecutive year, indexed life sales for 2011 blew the previous 2010 record out of the water by nearly 40%.
Total 4Q2011 indexed life sales were $321,159,831.
The top ten indexed life carriers for the fourth quarter:
1. AXA Equitable
2. Aviva
3. Pacific Life Companies
4. AEGON Companies
5. National Life Group (NL/LSW)
6. Lincoln National Life
7. Penn Mutual
8. Minnesota Life
9. Allianz Life
10. American General Life Companies
Average Target Premium
The average target premium paid was $6,499.
Leaders by Channel
Agency- Pacific Life Companies
Bank- N/A
Wirehouse- AXA Equitable
Career- AXA Equitable
Total 2011 indexed life sales were $973,976,612.
The top ten indexed life carriers for 2011:
1. AXA Equitable
2. Aviva
3. Pacific Life Companies
4. AEGON Companies
5. National Life Group (NL/LSW)
6. Minnesota Life
7. Penn Mutual
8. National Western
9. Midland National Life
10. Lincoln National Life
According to our estimates, indexed life sales will exceed a record $1 billion of target premium in 2012!
FOR THE MOST THOROUGH COVERAGE OF INDEXED ANNUITY AND INDEXED LIFE INSURANCE SALES, CALL US TO SUBSCRIBE TO AnnuitySpecs.com’s Indexed Sales & Market Report. WE ARE THE ONLY FIRM PROVIDING SALES BY:
– PRODUCT
– COMPANY
– CREDITING METHOD
– INDEX
– DISTRIBUTION
– SURRENDER CHARGE PERIOD
– AND MUCH, MUCH MORE!
CALL (515) ANN-UITY WITH YOUR MASTERCARD, VISA, OR AMERICAN EXPRESS FOR IMMEDIATE RESULTS. sjm
