Annuity Sales Surge Most Since 2002 as Higher Rates Aid Insurers

Insurers sold $61.9 billion of annuities, compared with $52.7 billion a year earlier, according to LIMRA.

INN Breaking News, February 25, 2014

Zachary Tracer

(Bloomberg) -- Sales of annuities jumped 17 percent in the fourth quarter, the biggest gain in 11 years, as higher bond yields buoyed insurers that offer the savings products.

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