Industry-wide annuity sales up 13 percent year over year
June 13, 2014 by Lynette Gil
Industry-wide annuity sales are up 13.1 percent year over year with sales during the first quarter reaching $56.1 billion. When compared with the first quarter of 2013, sales totaled $49.6 billion, according to data reported by Beacon Research and Morningstar, Inc. published in a press release by the Insured Retirement Institute (IRI).
“Combined annuity sales across the marketplace are well above the pace set in 2013,” said Cathy Weatherford, IRI President and CEO.