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Annuity sales grew 4 percent in the second quarter, LIMRA reported on Monday, totaling $57 billion. Despite those gains, sales fell 8 percent from the same period a year ago. Sales for the first half of 2012 were nearly $112 billion.

“The current economic conditions remain challenging for most insurers, driving overall annuity sales down,” Joseph Montminy, assistant vice president for LIMRA annuity research, said in a statement. “The one bright spot this quarter were indexed annuity sales, which are on pace to have a record year.”

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