Year-to-date, total annuity sales declined eight percent compared to the first half of 2011, reaching $57.0 billion, according to LIMRA.  The one bright spot for the quarter was indexed annuity sales, which are on pace to have a record year, LIMRA said.

Indexed annuity sales are benefiting from the guaranteed life withdrawal benefit riders that close to 90 percent of the investment vehicles offer.

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