Individual annuity sales fell to about $55 billion in the third quarter, down 17% from the total for the third quarter of 2008.
Researchers at LIMRA International, Windsor, Conn., have published those figures in LIMRA’s latest U.S. individual annuities quarterly sales survey.
Total U.S. individual annuity sales for the first three quarters amounted to about $182 billion, down 8% from the total for the comparable period in 2008, LIMRA says.