Allianz Life's MasterDex X still top of the indexed-annuity heap

Sales of the popular product helped Allianz maintain its place as the top seller

Sales of indexed annuities set a record last year, surpassing $30 billion — despite a modest 2.7% decline in sales in the fourth quarter... According to data from AnnuitySpecs.com's Indexed Sales and Market Report, sales of indexed annuities in the final quarter of the year fell to $7 billion.

That's still a healthy amount of business, though. Allianz Life Insurance Co. of North America benefited from the strong interest in indexed annuities. Buoyed by its top-selling MasterDex X product, the carrier maintained its place at the top of indexed annuity sales leader board in the fourth quarter...

Investment News: Allianz Life's MasterDex X still top of the indexed-annuity heap