According to LIMRA Secure Retirement Institute?s Second Quarter (2016) U.S. Annuity Sales?survey, fixed indexed annuities sales were $16.2 billion, 30 percent higher than prior year and surpassing prior quarterly sales records.
?The decline in interest rates benefitted indexed annuity sales once again as consumers seek out ?safe yield?,? said Todd Giesing, assistant research director, LIMRA Secure Retirement Institute.
Fixed Indexed Annuities Break Quarterly Sales Record
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