Index Annuity Sales Stay on Cloud Nine

  • Originally published August 17, 2010 , last updated December 31, 2015
Index Annuity Sales Stay on Cloud Nine

Indexed annuity sales in the U.S. remained near record levels of 2009 with sales totaling $8.3 billion in the second quarter, according to AnnuitySpecs.com, which surveyed 43 indexed annuity issuers who account for 99% of U.S. indexed annuity production.

This total is only 0.1% lower than second quarter sales in 2009, which were the highest in industry history.

Why Do Indexed Annuity Sales Remain Strong?

  • Bank certificates of deposit are paying just 1% interest
  • Traditional fixed annuities are offering crediting rates of only 3.65%
  • Continued innovations are making indexed products more intuitive and effective for your clients

For example, the Balanced Allocation Annuity (BAA) from the Annexus Group features patented death benefit options, enhanced crediting methods and a simpler design that makes the product easier to understand for your clients and easier to sell for you.