In the first half of 2012, tons of cash flowed out of non-qualified annuities, according to the Depository Trust & Clearing Corp.
"Net cash flows were negative in every month, January through June," Andrew Blumberg, business manager, analytic reporting, for the Depository Trust & Clearing Corporation (DTCC), told Financial Planning. "More money is coming out than is going into these annuities." Net outflows topped $200 million each month and exceeded $400 million in both January and May.
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