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Quiz question: Qualified annuity percentage?

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The question was: In 2006, approximately what percentage of all annuities sold (fixed and variable) were qualified?

a) 30%
b) 40%
c) 50%
d) 60%
e) 70%

The answer is: d), roughly 60% of all annuities sold in 2006 were qualified products, according to the 2007 Annuity Fact Book, a publication of NAVA, the Association for Insured Retirement Solutions, Reston, Va. This marks a reversal from 5 years previous when approximately 40% of all annuities sold were qualified and 60% were non-qualified. Specifically, the Fact Book says, in 2006, qualified annuities (variable and fixed) accounted for $1.07 trillion in net assets, or 56% of the market, while in 2001, the figures were $612.2 billion and 49%, respectively.

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