Tuesday, September 01, 2009
Second-quarter fixed-annuity sales rose 10% to $27.8 billion
Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc.
Book-value fixed annuities, which pay a declared rate of interest over a period of time, dominated total sales during the second quarter with an estimated $14 billion in sales...
Investment News: Second-quarter fixed-annuity sales rose 10% to $27.8 billion
Book-value fixed annuities, which pay a declared rate of interest over a period of time, dominated total sales during the second quarter with an estimated $14 billion in sales...
Investment News: Second-quarter fixed-annuity sales rose 10% to $27.8 billion