Jackson National Led Industry in Annuity Sales Last Quarter |
November 23, 2012 |
Miscellaneous Annuity Info
Jackson National was the leader in overall annuity production in the third quarter of 2012 with $17.3 billion of sales. Prudential and MetLife came in at numbers two and three with $16.7 billion and $15.5 billion respectively. Although overall annuity production was down in quarter three, fixed indexed annuities continued to show increased demand with increasing sales. Free Annuity Help | Find a Retirement Income Specialist
Annuity Sales Decline in Quarter 3 of 2012 Due to Low Interest Rates |
November 19, 2012 |
Fixed Annuities, Index Annuities, Variable Annuities
Sales of annuities tumbled in the 3rd quarter of 2012 compared to that of 2011 according to LIMRA. Annuity sales dropped to $54.3 billion from $60.1 billion which is a 10 percent drop. The historically low interest rates are a primary cause for these declined sales. Almost all product types had decreased sales. Only fixed indexed annuities (FIAs) increased as they continue to move towards a record year. FIA sales actually increased by 6% to reach a quarterly total of $25.4 billion. LIMRA noted that...
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Indexed Annuities Expected to Help Annuity Industry Grow to $368B |
September 27, 2012 |
Index Annuities
The United States’ annuity market has been drastically affected by the economic downturn. Consumers have been less inclined to purchase fixed annuities given their lower rates and insurers have backed away from guaranteed variable annuities given their associated risks. Fortunately, fixed indexed annuities have taken up the slack given that they have guarantees similar to straight fixed products while also having upside potential dependent upon an index of some kind similar to variable annuities. In a new report, North American Annuities, 2012: Market Trends and...
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