There is some light amidst a darkening economy, reports Beacon Research, Evanston, Ill., which reports that sales of fixed annuities climbed to $107 billion last year, up 60% from 2007.
The Beacon Research Fixed Annuity Premium Study notes that fourth-quarter fixed-annuities sales hit a six-year record for the third-consecutive quarter, rising to $34.1 billion, up 90% from a year earlier.
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