Annuity sales continued upward momentum in 2013
March 28, 2014 by Noah Guillaume
The U.S. annuity industry ended 2013 on an upward trend, according to data reported by Morningstar Inc. and Beacon Research.
Increased fixed and variable annuity total sales during the fourth quarter pushed industry-wide sales to $59.3 billion, up 3.1 percent from the previous quarter sales of $57.5 billion and up 17.2 percent from 2012 fourth-quarter sales of $50.6 billion. For the full year, industry-wide sales increased 4.2 percent to $220.9 billion from $212 billion during the previous year.
Originally Posted at LifeHealthPro on March 27, 2014 by Noah Guillaume.
Categories: Industry Articles