Sales of fixed indexed annuities hit $16.2 billion in the second quarter of 2016, a 30 percent increase over the same period last year and an all-time quarterly record, according to LIMRA Secure Retirement Institute.
For the first half to 2016, Fixed indexed annuity sales were $31.9 billion, a 32 percent increase of the first half of 2015. LIMRA is projecting fisales to exceed $60 billion for 2016.
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