Happy Birthday, Indexed Annuities!
March 12th, 2010
Indexed annuities were developed 15 years ago as of February 2010. These products are still a “baby” in terms of the product life cycle, considering that fixed annuities have been around since the 1600’s.
As of 4Q2009, indexed annuities account for 12.82% of all annuity sales (fixed, indexed, and variable).
Interestingly, indexed life is two years younger than indexed annuities. Indexed life currently accounts for 8.07% of all universal life product sales (fixed, indexed, and variable) as of 4Q2009.
What will the next 15 years be like? That will depend alot on S1389 and HR 2733…
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