Q1 indexed annuity sales down

June 11, 2013 by Michael K. Stanley

Total first quarter indexed annuity sales hit $7.8 billion, down 8.2 percent from the previous quarter and 2.7 percent from the same quarter last year.

The results, found in Wink’s Sales & Market Report (formerly AnnuitySpecs.com’s Indexed Sales & Market Report) were released on June 7 and should not be cause for too much despair as the first quarter is always slower than the fourth quarter.

“There was a sizable decline in indexed annuity sales this quarter,” said Sheryl J. Moore, President and CEO of both Moore Market Intelligence and Wink Inc., the rebranded AnnuitySpecs.com, a third party research firm specializing in indexed annuity and indexed life tools said. Click here to read…

Originally Posted at LifeHealthPro on June 10, 2013 by Michael K. Stanley.