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Quiz question: How well are immediate annuities selling?

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The question was: For the second quarter ended June 30, 2009, single premium immediate annuities accounted for how much of the estimated $27.8 billion in fixed annuity sales?

a) $27.8 billion
b) $13.9 billion
c) $8.2 billion
d) $3.6 billion
e) $2.2 billion

The answer is: e). Sales of immediate annuities accounted for approximately $2.2 billion (or 8%) of the second quarter total, according to the Beacon Research Fixed Annuity Premium Study. Sales of fixed interest book value annuities, fixed interest market value adjusted, and fixed indexed annuities totaled $13.9 billion, $3.6 billion and $8.2 billion, respectively.

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