In the third quarter 2005, the top selling fixed annuity was MasterDex, an Allianz Life indexed annuity that has ranked first for five consecutive periods, reports the “Beacon Research Fixed Annuity Premium Study.” The study covers sales of 182 products from 47 participating insurers.
Three book value products–New York Life’s LifeStages/MainStay Single Premium Fixed Annuity, John Hancock’s GPA Plus and Genworth Financial’s Capital Provider Advantage–ranked second, third and fourth, respectively, says Beacon Research, the Evanston, Ill., firm that ran the study.
ING US’s Secure Index Annuity was fifth.
(See chart for leading products in different distribution channels.)
By product type, Allstate Financial’s Tactician Plus led market value adjusted annuity sales. Genworth Financial had the leading immediate annuity.