Total sales of fixed indexed annuities reached $8.3 billion during the second quarter of 2009.
This represents an increase of 18.3% from the previous quarter and an increase of 21.2% from the same period a year ago.
The sales momentum comes despite industry headwinds which include fewer insurance companies and fewer product offerings.
Aviva was the top insurance company in the space with a 20% market share while the top selling indexed annuity product was the MasterDex X from Allianz.
Source: National Underwriter
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