Indexed Annuity Sales Reach a Near Record in Q2 of 2012
Sales of indexed annuities in Q2 rose to $8.8 billion which ranks as the second-best quarter to date. Its Q2 rise from the prior quarter was 8.3% and its increased growth relative to the overall fixed annuity market propelled it to now have 50% of the overall fixed annuity space.
Although overall interest rates are low, the ability of indexed annuities to have increased returns if the market goes up while being protected from downside market risk is a key explanation for the increase is popularity of these products. If you are curious to see if an indexed annuity would be a good fit within your retirement plan, then please be sure to seek guidance from a retirement planning specialist.
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