Following the Insured Retirement Institute's announcement on Aug. 17 that variable annuity sales increased 23% in the first quarter of 2011, the organization announced that second quarter annuity sales are up again.
The organization said Wednesday that second-quarter sales increased 10% from the second quarter of 2010 to over $60 billion. Sales increased from the first quarter as well, rising 4%.
IRI President and CEO Cathy Weatherford was confident about the rest of 2011.
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