Record Sales in Fixed Indexed Annuity Market

Total sales of fixed indexed annuities reached $8.3 billion during the second quarter of 2009.

This represents an increase of 18.3% from the previous quarter and an increase of 21.2% from the same period a year ago.

The sales momentum comes despite industry headwinds which include fewer insurance companies and fewer product offerings.

Aviva was the top insurance company in the space with a 20% market share while the top selling indexed annuity product was the MasterDex X from Allianz.

Source: National Underwriter

Full Story

Key Phrases: