Insurance heavy hitters Jackson National Life and New York Life have had a pretty good year for sales so far, according to their semi-annual sales figures. And it has not been an easy market.
While neither firm was able to break out sales through advisory channels at press time, Jackson said total sales and deposits were up 54% to $9.4 billion as of June, driven primarily by an 81% boost in variable annuity sales to $6.8 billion. Over the same period, the company sold $915 million in fixed annuities, up 7% over the same period in 2009.
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