Index Annuities Hit New Sales Record In First Quarter
Index annuity sales hit $4.175 billion in the first quarter of 2004, according to Advantage Compendium, a St. Louis-based research-consulting firm.
That figure marks a new quarterly sales record for index annuities. It is 12% higher than the previous record set in the fourth quarter of 2003 and up 28% from index annuity sales reported in the first quarter of 2003.