Fixed Annuity Sales Rise to $27.8 Billion

Sales of fixed annuities in the United States were $27.8 billion during the second quarter of 2009.

This represented an increase of 10% from the same period a year earlier, but a decrease of 20% from the previous record setting quarter.

New York Life was the sales leader with $2.85 billion in sales.  Aviva, Allianz and MetLife also posted strong sales.

Source: Investment News

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