9/4/2013

Sales of annuities increased by 9.9% in the second quarter, to almost $54.5 billion, according to Morningstar and Beacon Research. But sales were down 1.4% from the same quarter last year, when they reached $55.3 billion. Beacon Research's Jeremy Alexander attributed the quarterly increase to higher interest rates "along with the steepest yield curve in nearly two years."

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