Fixed-rate deferred annuity sales increased 66% in the third quarter 2013, compared with the third quarter 2012, according to LIMRA Secure Retirement Institute (SRI).
Overall, total annuity sales for the quarter increased to $59.4 billion, a 9% increase — the largest year-over-year growth since the second quarter 2011. For the first nine months of 2013, total annuity sales were $167.6 billion.
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