Variable-annuity sales experienced an uptick in Q1

06/6/2013 | BenefitsPro.com

Overall annuity sales are down, but variable-annuity sales showed a positive first-quarter performance with sales of $34.6 billion, a 0.6% increase compared with the last quarter of 2012, Morningstar said. "The quarter-to-quarter improvement in variable annuity sales is a positive sign for a dynamic industry," said Insured Retirement Institute CEO Cathy Weatherford. Morningstar said total net assets for variable annuities hit a record in the first quarter with $1.72 trillion.

View Full Article in:

BenefitsPro.com

Published in Briefs: