Sales of fixed indexed annuities rose 13 percent in the first quarter of 2012, according to a new report.
AnnuitySpecs.com, a unit of Moore Market Intelligence, published this finding in the site's 59th edition of Indexed Sales & Market Report, which provides sales by product, company, crediting method, index, distribution, surrender charge period and other criteria. Forty-four indexed annuity carriers participated in the report, representing 99 percentof indexed annuity production.
The report reveals that sales of fixed indexed annuities reached $8.0 billion in the first quarter of 2012, down less than 3 percent from the previous quarter, but up by more than 13 percent compared to the same period one year ago.
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