Deferred Income Annuity Sales Continue to Rise in Q1 '13, Beacon Reports | Jeremy Alexander

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Sales of deferred income annuities reached a record high in first quarter 2013, according to the Beacon Research Fixed Annuity Premium Study. Results for these products increased for the fifth consecutive quarter and were nearly 150% higher than a year ago.  The success of DIAs helped overall income annuity sales grow 1.4% year-over-year.“Deferred income annuities were a bright spot in a difficult quarter,” said Jeremy Alexander, CEO of Beacon Research. “Ongoing product development and increasing sales underscore the importance of generating guaranteed retirement income for consumers and their advisors.”

 

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