Indexed annuities had record sales for a second consecutive year, reaching $32.1 billion, according to LIMRA’s analysis of sales.
The increase was 7% more than 2009 results, according to the analysis, which tracks 96% of annuity sellers’ activities.
In the fourth quarter of last year, indexed-annuity sales improved 17% compared to fourth quarter of 2009, totaling $8.2 billion.
Market share for indexed annuities reached 43% of fixed-annuity sales in the fourth quarter of 2010, which is the first time index annuities outperformed fixed-rate deferred annuities products (40%).
Indexed annuity set record for second straight year via IFAwebnews.com .
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