Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities

Indexed annuities could see record year

X
Your article was successfully shared with the contacts you provided.

Fourth-quarter 2008 indexed annuity sales were up 12.7 percent from the same period in the prior year, according to AnnuitySpecs.com, whose 46th edition of the Advantage Index Sales & Market Report gauged 59 indexed-annuity carriers. Sales were up 6.7 percent as compared to the previous quarter.

Sheryl J. Moore, President and CEO of AnnuitySpecs.com calls indexed annuities the “safe money place of choice” and predicts 2009 could be a record year in sales. Total 2008 sales were $26.7 billion, the second-highest sales year for the product line.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.