Life Insurance Quotes

Research shows annuities sales continue to rise

09/14/11

According to a Beacon Research study, annuities sales saw significant gains in the second quarter of 2011, 8 percent higher than sales in the first quarter. Total contract sales in the United States topped more than $20 billion.

Americans are investing in annuities more, despite the fact that interest rates remain low. In some cases, investors are attracted to annuities packages that offer tax breaks by allocating some funds specifically to a long term care annuity.
In particular, indexed annuities and income annuities saw significant growth, a fact the Annuity News Journal attributes to strong marketing and the peace of mind that these forms of financial plans provide through guaranteed payouts throughout the lifetime of the contract holder.

According to the Annuity News Journal, the volatility of the stock market has driven annuities sales to some extent, as they guarantee structured payouts at a time when confidence in the market is low. Despite low interest rates that have resulted in decreased payouts, Beacon says that annuities sales have continued to rise.

According to LIMRA, total annuities sales in 2010 totalled $140.5 million, a 7.3 percent decrease in sales from 2009.

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