E-Mail this Article

Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

Indexed annuities sales increased by over $5 billion in 2013

Feb 25, 2014 @ 12:01 am

By Matt Sirinides

Indexed annuities, fixed annuities
+ Zoom

Indexed annuities, a fixed annuity that provides a minimum guaranteed rate of interest combined with an interest rate tied tied to movement of an index, accounted for 46.3% of all fixed annuities sold and 27% of total annuities sold in 2013, according to most recent data from LIMRA. Sales of indexed annuities increased by an estimated $5.4 billion in 2013, representing a 17% hike in volume, more than any other form of annuity. According to the same data, sales of variable annuities fell by 1 percent.

As of the end of the third quarter, Allianz Life led all insurers in the sale of indexed annuities, with a 13.7% market share. Security Benefit Life (12.3%) and American Equity (11.0%) fell close behind.

For more on annuities, visit our most recent special report on the subject

Get Daily News & Intel

Breaking news and in-depth coverage of essential topics delivered straight to your inbox.



The information entered on this page will not be used to send unsolicited e-mail, and will not be sold to a 3rd party.

REMINDER: This service is for personal use only. For commercial reprints, Web links and e-mailings please contact our Reprint Sales Manager at (732) 723-0569.