Wednesday, February 25, 2009
AnnuitySpecs.com Releases Fourth Quarter, 2008 Indexed Sales Results
Fifty-nine indexed annuity carriers participated in the 46th edition of the Advantage Index Sales & Market Report, representing 99% of indexed annuity production. Total fourth quarter sales were $7.2 billion, up 12.7% from the same period last year. As compared to the previous quarter, sales were up 6.7%. “People are looking for a way to protect their dollars, and indexed annuities are the ‘safe money place’ of choice,” said Sheryl J. Moore, President and CEO of AnnuitySpecs.com. “Rest assured when I tell you that 2009 sales of indexed annuities will be a record! Who better to serve the safe money needs of Americans than insurance agents selling these fixed insurance products?” Total 2008 sales were $26.7 billion, the second-highest sales year for the product line (2005 sales were a record at $27.2 billion).It is worth mentioning that Aviva still holds the #1 position in the market; they even increased their market share by 2% since last quarter to an astounding 31% market share. No carrier has done the same level of IA production in a single quarter since 2nd quarter, 2005. American Investors Income Select Bonus is the #1 selling indexed annuity in the market for the second consecutive quarter. It is also interesting to note that nearly 56% of all indexed annuity sales for the quarter were through Iowa-domiciled companies...
INN: AnnuitySpecs.com Releases Fourth Quarter, 2008 Indexed Sales Results
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