Fixed indexed and income annuity sales shook off a lackluster to start to the year to finish 2010 with some much-needed momentum, according to Beacon Research's latest "Fixed Annuity Premium Study" released this week.
Total annual indexed annuity sales surged 6% in 2010 to more than $31.4 billion while income annuity sales improved 2% to more than $8 billion. Both retirement income investment products claimed their highest share of investment sales in the study's eight-year history at 48% percent and 11%, respectively.
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