Sales of fixed annuity products jump in Q2

September 4, 2013 by Michael K. Stanley

Propelled by an improved interest rate environment, second-quarter fixed annuity sales posted sequential gains for the first time in two years.

According to a recent study conducted by Beacon Research, rising interest rates coupled with the steepest yield curve in close to two years afforded carriers the opportunity to increase the rates they offered on fixed and indexed annuities.

The study, “Fixed Annuity Premium Study” found total fixed annuity results were $17.1 billion in the second quarter, up 14.6 percent sequentially and 0.2 percent from last year.  Click here to read…

Originally Posted at LifeHealthPro on September 4, 2013 by Michael K. Stanley.