Q1 Annuity Sales Slump: Here to Stay or Gone Tomorrow?

June 17, 2012 by Maria Wood

By Maria Wood

June 14, 2012 •

First-quarter stats are in and the numbers indicate that overall annuity sales took a step backward from the fourth quarter of 2011. Though there are some bright spots‑income and indexed annuity sales are performing somewhat better‑the industry overall has been dinged by broader market forces, namely low interest rates, say the experts.

Jeremy Alexander, right, resident of Evanston, Ill.-based Beacon Research, which tracks annuity sales, said in an interview that providers of all the main product types‑variable, indexed and fixed‑are experiencing a drop in profits. Click here to read more…

Originally Posted at LifeHealthPro on June 14, 2012 by Maria Wood.