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

Retirement Planning > Retirement Investing > Annuity Investing

Annuity Sales Keep Rising

Your article was successfully shared with the contacts you provided.

Total U.S. individual annuity sales climbed to $60 billion during the first quarter, up 16% from the total for the first quarter of 2010, according to LIMRA.

LIMRA, Windsor, Conn., says the 59 insurers that participated in its first-quarter annuity sales survey said sales of variable annuities increased 24%, to $40 billion.

Sales of fixed annuities increased 5%, to $20 billion, and sales of indexed annuities increased 1%, to $7.1 billion, LIMRA says.

Another annuity market tracker,, Pleasant Hill, Iowa, agrees that indexed annuity sales totaled $7.1 billion in the first quarter, but it says that amount represents an increase of 5% from the total for the comparable period in 2010.

Variable annuity sales “benefited from the positive equity market trend and consumers putting money back into the market,” says Joseph Montminy, a LIMRA annuity specialist.

Fixed annuity sales benefited from strong demand for fixed-rate deferred products and for book value annuities, LIMRA says.

Sheryl Moore, president of, says indexed annuity sellers are struggling with the effects of low interest rates.

Although growth in sales of indexed annuities has cooled, sales of indexed life insurance increased to $203 million in the first quarter, up 42% from the total for the first quarter of 2010, Moore says.

Other annuity sales coverage from National Underwriter Life & Health:


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