IRI: Annuity Sales Dip Slightly in Q1
June 17, 2012 by Maria Wood
By Maria Wood
June 7, 2012 •
Total U.S. annuity sales were down slightly in first quarter in comparison to the fourth quarter of 2011. However, indexed and income annuities showed growth year-over-year, reports the Insured Retirement Institute (IRI), citing statistics from Morningstar and Beacon Research.
Industry-wide, annuity sales in Q1 reached $53.1 billion, a 2.5% drop from the $54.5 billion sold in the fourth quarter of last year. Click here to read more…