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Life Health > Annuities > Fixed Annuities

FA Sales Fall As Immediate Annuity Volume Rises

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U.S. sales of fixed annuities fell to about $18 billion in third quarter, down 10% from the total for the third 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.

Third-quarter results included figures for 225 products.

Third-quarter sales of indexed annuities amounted to $6.3 billion, down 3.8% from the total for the third quarter of 2006.

Sales of market-value-adjusted annuities fell 16%, to about $2.9 billion; and sales of immediate annuities rose 15%, to $1.9 billion, Beacon reports.