U.S. indexed annuity sales in the third quarter grew 11.3% to $7.5 billion, up from $6.7 billion in third quarter 2008, with bank sales tripling to comprise 12.3% of all indexed annuity sales, according to AnnuitySpecs.com’s Advantage Index Sales and Market Report. Among carriers “some companies’ sales are up more than 75%, and others’ sales are down almost 60%,” AnnuitySpecs.com President and CEO Sheryl Moore said. Minnesota, MN-based Allianz Life ranked as the number one indexed annuity provider, followed by West Des Moines, IA-based American Equity, Radnor, PA-based Lincoln National, Lansing, MI-based Jackson National, and Des Moines, IA-based Aviva.
Monday, December 14, 2009
NOVEMBER 23 - 29, 2009
U.S. indexed annuity sales in the third quarter grew 11.3% to $7.5 billion, up from $6.7 billion in third quarter 2008, with bank sales tripling to comprise 12.3% of all indexed annuity sales, according to AnnuitySpecs.com’s Advantage Index Sales and Market Report. Among carriers “some companies’ sales are up more than 75%, and others’ sales are down almost 60%,” AnnuitySpecs.com President and CEO Sheryl Moore said. Minnesota, MN-based Allianz Life ranked as the number one indexed annuity provider, followed by West Des Moines, IA-based American Equity, Radnor, PA-based Lincoln National, Lansing, MI-based Jackson National, and Des Moines, IA-based Aviva.
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