Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales

Annual Sales Hit $107 Billion; Fourth Quarter Results Set Another Record

U.S. sales of fixed annuities were an estimated $107 billion in calendar year 2008, up 60% from 2007, according to new data from the Beacon Research Fixed Annuity Premium Study. Fourth quarter's overall results were an estimated $34.1 billion -- 90% above those of fourth quarter, 2007 and 23% higher than the previous quarter. Fourth quarter's estimated sales were the strongest since the Study began in 2003, setting a six-year record for the third quarter straight. These estimates are based on sales of 53 insurance companies representing an estimated 86% of the market...

MSNBC: Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales