According to a report from LIMRA, sales of indexed annuities reached $32.1 billion in 2010, an increase of 7 percent over 2009.
Variable annuity sales were up last year, too; the Insured Retirement Institute found that the total number of assets placed into variable annuities in 2010 was $1.5 trillion. In the fourth quarter alone, sales improved 18 percent over the fourth quarter of 2009.
For indexed annuities and variable annuities, these numbers are all-time highs, and continue a steady increase from the previous three years.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
