Fixed annuities sales down 9% in ’07
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
Estimated sales of fixed annuities totaled $65.1 billion for the 2007 calendar year, a 9% drop from 2006, according to Beacon Research Inc.'s quarterly Fixed Annuity Premium Study.
During the fourth quarter, fixed-annuity sales were an estimated $17.4 billion, representing a 4.1% increase from the
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