Q3 sales of fixed annuities were down, report says

12/4/2012 | National Underwriter Life & Health

Fixed-annuity sales fell to $16.6 billion in the third quarter, a 3.1% decline from the previous quarter and a 12.8% drop year-over-year, according to a Beacon Research report. Sales for the year are down 13.1%, to $50.61 billion, compared with $58.24 billion in 2011, according to the report.

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