Annuity update: Annuity sales reach $61.9B in Q4 2013
March 17, 2014 by LIMRA
Total annuity sales hit $61.9 billion in the fourth quarter of 2013 representing an increase of 17 percent — the largest quarterly percentage increase in 11 years, according to LIMRA Secure Retirement Institute (SRI).
For full year 2013, annuity sales were $230.1 billion, a 5 percent increase over 2012. Fourth quarter sales of indexed annuities reached $11.9 billion — a new quarterly record and a jump of $1.7 billion from the prior quarter.
“There were several reasons indexed annuities has such a strong fourth quarter,” said Joe Montminy, assistant vice president, LIMRA SRI Annuity Research.
Wink’s note: Click here to view indexed insurance sales totals
Originally Posted at LifeHealthPro on March 14, 2014 by LIMRA.
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