Variable annuity assets in the U.S. reached an all-time record of $1.5 trillion in 2010, with fourth-quarter sales rises 18% year-over-year to $37.6 billion, the Insured Retirement Institute announced Monday.

“The annuity industry ended 2010 on strong and secure footing, with fourth quarter sales reaching the highest levels of the entire year,” said IRI President and CEO Cathy Weatherford. “Variable annuity assets reached record levels, definitely demonstrating to consumers the value and significance that this investment can play in their overall retirement savings strategy.”

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access