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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 17, 2007 at 12:47 PM
U.S. sales of fixed annuities fell to about $16.4 billion in second quarter, down 9.2% from the total for the second quarter of 2006, according to Beacon Research Inc.
Researchers at Beacon, Evanston, Ill., have published those figures in a summary of results from a quarterly survey of 49 insurance companies.
Second-quarter results included figures for 239 products.
Second-quarter sales of indexed annuities amounted to $6.4 billion, up 1.6% from the total for the second quarter of 2006.
Sales of market-value-adjusted annuities fell 11%, to about $2 billion; and sales of immediate annuities rose 24%, to $1.8 billion.
Although FA sales were down when compared with the second quarter of 2006, stock market turmoil and an improved interest climate helped insurers increase FA sales over the levels reported for the first quarter of 2007, Beacon researchers report.
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