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3Q fixed annuity sales of $30 billion set another quarterly record. (Sales Stats).

Publication: National Underwriter Life & Health-Financial Services Edition
Publication Date: 23-DEC-02 		Format: Online - approximately 590 words
Delivery: Immediate Online Access
Full Article Title: 3Q fixed annuity sales of $30 billion set another quarterly record. (Sales Stats).(third quarter)

Article Excerpt
Fixed annuity sales set yet another single-quarter record in the third quarter of 2002 with $30 billion in overall fixed annuity sales.

The third quarter marked the seventh straight quarterly increase in fixed annuity sales and the sixth straight quarter in which a new quarterly record was established for fixed annuity sales.

The continuing string of increasing sales is all the more remarkable considering the current interest rate environment. The average annuity interest rate as reported in LIMRA International's U.S. Individual Annuities survey hovered near 5% during...

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