Thursday, April 16, 2009
U.S. Sales of Variable Annuities Decline in Fourth Quarter, 2008 on Stock Market Woes
Last year was dismal for the U.S. variable annuity industry. Fourth-quarter sales of these stock-market-linked, retirement-income products declined to $33.3 billion, a 30.3% decrease. Sales for the year declined 15.1% from year-end 2007 to $154.8 billion, according to NAVA and Morningstar Inc.
The Dow Jones Industrial Average in 2008 lost 33.8%, the third-worst performance in its history and the worst since suffering a drop of 52.7% in 1931 (BestWire, Jan. 5, 2009)...
TradingMarkets: U.S. Sales of Variable Annuities Decline in Fourth Quarter, 2008 on Stock Market Woes
The Dow Jones Industrial Average in 2008 lost 33.8%, the third-worst performance in its history and the worst since suffering a drop of 52.7% in 1931 (BestWire, Jan. 5, 2009)...
TradingMarkets: U.S. Sales of Variable Annuities Decline in Fourth Quarter, 2008 on Stock Market Woes
Permalink posted by markw @ 4:48 AM 
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