Sales of deferred-income annuities up 150%

06/11/2013 | AdvisorOne

Sales of deferred-income annuities rose for the fifth straight quarter in the first three months of 2013, surging 150% from the same period a year earlier, according to the Beacon Research Fixed Annuity Premium Study. Overall first-quarter annuities sales suffered from continued low interest rates. "Deferred-income annuities were a bright spot in a difficult quarter," said Jeremy Alexander, CEO of Beacon Research.

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