Beacon Research: Fixed index annuity sales spiked 39.1% in Q4

05/14/2014 | InsuranceNewsNet

In the last quarter of 2013, sales of fixed index annuities soared to $11.75 billion, a 39.1% increase year over year, according to Beacon Research. Four of the five best-selling fixed annuity products were fixed index annuities. The fourth quarter "marked a number of milestones with respect to fixed annuity sales, contributing to a banner year for the industry," said Jeremy Alexander, Beacon Research's CEO.

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