AnnuitySpecs.com Releases Third Quarter, 2008 Indexed Sales Results

Fifty-nine Indexed Annuity carriers participated in the 45th edition of the Advantage Index Sales & Market Report, representing 99% of Indexed Annuity production. Data was collected on sales of Indexed Annuities registered as securities as well. Total third quarter sales were $6.7 billion, up 5.2% from the same period last year. As compared to the previous quarter, sales are down 2.2%. Sheryl Moore, CEO of AnnuitySpecs.com commented, “I can only see sales of indexed products increasing, during a time when American consumers are seeing the balances on their accounts plummet. Indexed Annuity policyholders are sleeping soundly at night, rather than worrying about losing their principal. Now is the BEST time to be offering Indexed Annuity products!” Sales year-to-date were $19.5 billion, up 3.9% from the previous period.

AnnuitySpecs.com Releases Third Quarter, 2008 Indexed Sales Results
Source: Insurance News Net