Sales of equity indexed annuities fell to $5.9 billion in the fourth quarter of 2006, down 9.1% from the total for the fourth quarter of 2005.
Advantage Compendium L.L.C., St. Louis, is reporting the latest EIA sales figures in a preview of its upcoming EIA sales report
For all of 2006, EIA sales dropped 8%, to $25 billion, Advantage says.
Although EIA sales at one large carrier fell sharply, sales at competitors held steady, the firm says.
Sales of indexed life insurance were strong for both the fourth quarter of 2006 and for the full year, Advantage says.