Source: Source Media, Inc.
"The current economic conditions remain challenging for most insurers, driving overall annuity sales down," Joseph Montminy, LIMRA's assistant vice president of Annuity Research, said in a statement. The one bright spot were indexed annuities, which drew $8.6 billion in sales in the second quarter, and $16.7 billion in the first six months of 2012, up 6% and 10%,...
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