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Fixed Annuities Are On A Tear

FYI: Fixed annuities have been on a tear this year, with sales seeing double-digit growth across several product categories amid rising interest rates and easing regulatory pressure.

Overall sales of individual fixed annuities were $33.7 billion in the second quarter of 2018, the third-highest quarterly total of all time, according to the Limra Secure Retirement Institute. The insurance group is forecasting that total annual sales will hit record levels by year-end.
Regards,
Ted
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