Deferred annuity sales up 6% in second quarter

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Deferred annuity sales for the second quarter of 2019 increased 6% as compared with the prior quarter, based on preliminary sales data from Wink’s Sales & Market Report. Among the categories of annuities tracked, indexed annuity sales increased by 11% over the prior quarter and by nearly 14% over the same period last year. Traditional fixed annuity sales declined by nearly 10% over the prior quarter, but were up more than 21% over the same period last year. Variable annuity sales, which Wink began tracking last quarter, increased nearly 17% over the prior quarter.