Thursday, February 18, 2010


Fixed annuity sales slid in '09

Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year... All told, fixed annuity sales last year topped $105 billion, according to data from Beacon Research Publications Inc. and the Insured Retirement Institute. That tally is just 2% below the record high reported in 2008.

For the final quarter of 2009, fixed annuity sales totaled $20.4 billion, down 8% from the previous quarter...

Investment News: Fixed annuity sales slid in '09

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