Allianz Life reports 11% increase in 2013 fixed index annuity sales

Allianz Life reported a strong turnaround in sales of fixed annuities, powered in part by rising interest rates. Sales surged 11% last year, and the company says the momentum is continuing. "We’re still selling at very high levels," said Allianz Life President and CEO Walter White. Sales of variable annuities, however, continued to drop.

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Star Tribune (Minneapolis-St. Paul, Minn.) · InsuranceNewsNet

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