Indexed Annuity Sales Set A Record for 2Q 2009

Forty-seven indexed annuity carriers participated in the 48th edition of the Advantage Index Sales & Market Report, representing 99% of indexed annuity production. Total second quarter sales were $8.3 billion, up 21.2% from the same period last year. As compared to the previous quarter, sales were up 18.3%. “This is a record quarter for indexed annuity sales!,” said Sheryl J. Moore, President and CEO of AnnuitySpecs.com.

Indexed Annuity Sales Set A Record for 2Q 2009
Source: Insurance News Net
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