Indexed annuities claimed 53 percent of third quarter’s fixed annuity sales, according to the Beacon Research Fixed Annuity Premium Study; income annuities had a 14 percent share. Both were record highs.
At $2.4 billion, income annuities also had their strongest quarter ever, with deferred income annuities (DIAs) generating 77 percent of the $87 million quarter-to-quarter increase. Indexed annuities had their third-best quarter. Sales of $8.7 billion were up 0.5 percent year over year, though down 1 percent sequentially. On a year-to-date basis, both product types had record-high results: indexed with $25.7 billion (up 4.5 percent), and income with $6.8 billion (up 9 percent).
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