AnnuitySpecs.com Releases Second Quarter, 2012 Indexed Sales Results
September 24, 2012 by Sheryl J. Moore
A period of flux for indexed annuities
Pleasant Hill, Iowa. -Forty-five indexed annuity carriers participated in the 60th edition of AnnuitySpecs.com’s Indexed Sales & Market Report, representing 99% of indexed annuity production. Total second quarter sales were $8.7 billion, up more than 8% from the previous quarter. As compared to the same period last year, sales were up nearly 6%. “This quarter’s sales were only 0.60% lower than third quarter 2010’s record-setting indexed annuity sales levels,” said Sheryl J. Moore, President and CEO of Moore Market Intelligence, the firm that owns AnnuitySpecs.com. “That being said, second quarter was a period of flux for indexed annuities; nine different companies made changes to their products on 14 different occasions during this quarter! Yet once again, agents selling indexed annuities pushed-through the challenge, and focused on informing their clients on the guarantees of indexed annuities…looks like it worked!” Click HERE to read more…