Just as we predicted at the beginning of the year, 2012 has been a stellar year for fixed indexed annuity sales nationwide. As the surge of baby boomers hitting 65 combined with all time low interest rates and a volatile stock market, it is no surprise that index annuities have fared so well. Just how well have index annuities done this year? According to Beacon, first quarter indexed annuity sales grew approximately 9% from a year ago. And income annuity sales had a huge increase of 23% from last year.
The top 5 Fixed Annuity Sales were as follows:
1) Allianz Life
2) Aviva USA
3) New York Life
4) American Equity
5) Great American
In regards to actual products, New York Life ended up on top with their hot selling income annuity:
1) New York Life Lifetime Income Annuity
2) Allianz Masterdex X
3) Aviva Balanced Allocation Annuity 12
4) American Equity Bonus Gold
5) Aviva Income Preferred Bonus
For more information on fixed and fixed index annuity sales, check out Compare Annuities.