Sales of indexed annuities hit a fifth consecutive yearly record in 2012, while fourth-quarter sales dropped 3% from the previous quarter but rose 2% year-over-year, according to Moore Market Intelligence's AnnuitySpecs.com. "When you consider that record-low indexed annuity caps and rates have persisted, it's hard to ignore that these sales records provide compelling evidence of consumers' demand for retirement-accumulation products with principal-protection features," said Sheryl Moore of Moore Market Intelligence. Indexed-annuity sales could overtake fixed-annuity sales within two years, she said.

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