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Indexed annuities could see record year

By Staff Writer

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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.

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