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Fixed-rate deferred annuity sales increased 66 percent in the third quarter of 2013, according to LIMRA Secure Retirement Institute.

Total annuity sales for the quarter increased to $59.4 billion, a 9 percent increase, which is the largest year-over-year growth since the second quarter of 2011, LIMRA found. For the first nine months of the year, total annuity sales were $167.6 billion.

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