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IRI: Annuity Sales Up 17% From First Quarter of 2019According to Beacon Research, fixed annuity sales continue their long-term upward trend, albeit with some product types showing lower sales versus the fourth quarter of 2018. For instance: “As private pensions fade away, annuities are helping retirees and near retirees use their hard-earned savings to create steady, guaranteed, lifetime income.” - Wayne Chopus Insured Retirement Institute (IRI) President and CEO Though overall annuity sales fell 3.6% in the first quarter of 2019, with combined sales of fixed and variable annuities of $57.8 billion as compared to sales of $59.9 billion in the fourth quarter of 2018*, sales remain solidly above year ago levels, up 17.5% from total annuity sales of $49.2 billion in the first quarter of 2018. * Information provided by IRI, based on data reported by Beacon Research and Morningstar, Inc.
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