Although total fixed annuity sales were down quarter-over-quarter and year-over-year, income and indexed annuities fared a bit better. That was the finding of a Q1 report from Beacon Research.
According to its Fixed Annuity Premium Study, Beacon found that overall fixed annuity sales amounted to $16.9 billion in the first quarter, down 2.2 percent from the $17.3 billion sold in the fourth quarter of last year and a decrease of 8.8 percent from Q1 2011's tally of $18.6 billion.
Variable annuity sales also dipped in the first quarter.
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