Tuesday, May 19, 2009
Sales of indexed annuities rise over last year
Total sales of indexed annuities were $7 billion in the first quarter, up 22.8 percent from last year, according to the latest Advantage Index Sales and Market Report. Sales, however, were down 2.1 percent from the fourth quarter of 2008...
..."Unfortunately, the supply of annuities cannot keep up with the demand right now, because annuities are so capital-intensive," she said.
Nearly 57 percent of all indexed annuity sales continue to come through Iowa-domiciled companies, the report shows. Aviva holds the No. 1 position in indexed annuities and indexed life sales...
Des Moines Register: Sales of indexed annuities rise over last year
..."Unfortunately, the supply of annuities cannot keep up with the demand right now, because annuities are so capital-intensive," she said.
Nearly 57 percent of all indexed annuity sales continue to come through Iowa-domiciled companies, the report shows. Aviva holds the No. 1 position in indexed annuities and indexed life sales...
Des Moines Register: Sales of indexed annuities rise over last year
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