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September 16, 2009, Featured Articles, Annuities

Sales of Indexed Annuities Soar in 2nd Qtr, Says Beacon

By Kerry Pechter   Wed, Sep 16, 2009

For the entire fixed annuity market, 2009 has been a bumper year so far. On a year-to-date basis, total market sales were an estimated $62.6 billion, 39% above first half 2008.

Apparently ignoring the legal controversy over indexed annuities, investors purchased $8.2 billion worth of those odd, structured products in the second quarter of 2009, 16% more than in the first quarter, and 20% more than in the second quarter of 2008, according to the latest Beacon Research Fixed Annuity Premium Study.

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