Sales of income annuities increased in the fourth quarter amid a decline in the annuity market as a whole, according to an Insured Retirement Institute analysis of Morningstar and Beacon Research data. Fourth-quarter income-annuity sales were $2.38 billion, 7.2% higher than during the same period the year before. Overall, annuity sales totaled about $50.6 billion, which represents a 7.1% drop from the same period in 2011.

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