Fixed Annuity Sales Up

Fixed annuity sales continue to climb rapidly as investors look for a safe haven after the past years of volatility, according to the Insured Retirement Institute (IRI)*.

Second-quarter sales results for all types of annuities were $60.4 billion, a dramatic 10 percent increase from $55 billion in second quarter sales for 2010, IRI says. Second quarter sales this year also were up 4 percent over first quarter sales of $58.1 billion. The sales increases are happening despite a decrease in interest rates from a year ago.

Designs In Life provides a full range of fixed annuity contracts for your clients – including those that provide a guaranteed lifetime income. Call Marty Mead, Annuity Coordinator, at extension 7030 for more information.

*The IRI is a not-for-profit organization representing the insured retirement industry