Sentences with phrase «indexed annuity sales last»
Despite a drop in fixed indexed annuity sales last year, the president of American Equity Investment Life Insurance Co. said Friday the company has no intention of steering sales away from the independent agent channel.
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Indexed annuity sales for the fourth quarter were $ 13.6 billion; up 6.4 % when compared to the previous quarter, and up 2.3 % when compared with the same period last year.
Overall, the indexed annuity market cooled significantly at the end of last year as fourth quarter sales fizzled 13 percent to $ 14 billion compared with the year - ago period, according to industry tracker LIMRA Secure Retirement Institute.
While FIA sales shrunk, sales of buffered variable annuities, also known as index variable annuities, rose 50 percent to $ 2.17 billion last year compared to 2016, the company said.