Individual Annuity Sales Decline in 2009

LIMRA reports that total individual annuity sales declined by 11 percent in 2009.

Sales of all types of individual annuity products in the United States totaled $234.9 billion in 2009.

Variable annuity sales totaled $127 billion, a decrease of 18 percent for the year.

Indexed annuity sales totaled $29.4 billion, an increase of 9 percent relative to 2008.

Fixed annuity sales totaled $107.9 billion for the year, representing a 1 percent decline relative to 2008.

Source: National Underwriter

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