Fixed-rate deferred annuities fuel sales in Q3

November 20, 2013 by Maria Wood

Third-quarter statistics compiled from LIMRA’s Secure Retirement Institute (SRI) underscore the rising popularity of fixed-rate deferred annuities. Sales of that particular type of annuity – both book value and MVA (market value adjusted) – hit $9.5 billion, a 66 percent leap from a year ago.

In total, Q3 annuity sales rose 9 percent to $59.4 billion, which, according to LIMRA, represents the largest year-over-year growth spurt since the second quarter of 2011. For the first nine months of 2013, total annuity sales reached $167.6 billion. Click here to read…

Originally Posted at LifeHealthPro on November 20, 2013 by Maria Wood.