Overall annuity sales fell 8% last year, LIMRA says

Annuity sales were $219.4 billion in 2012, an 8% decline despite record-high sales of indexed annuities and growing sales of deferred-income annuities, LIMRA said. Guaranteed lifetime-withdrawal-benefit riders drove sales of indexed annuities, which rose 5% to $33.9 billion last year. Variable-annuity sales fell 7% to $147.4 billion, and sales of fixed annuities were down 11% to $72 billion, the lowest in more than a decade, LIMRA said.

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Insurance Networking News · National Underwriter Life & Health

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