Updated Friday, November 21, 2014 as of 11:35 AM ET

Deferred Income Annuity Sales Reach $1 Billion; Overall Annuity Market Falls

Sales of deferred income annuities topped $1 billion in 2012, according to a report from industry group LIMRA. In the fourth quarter specifically, sales for deferred income annuities reached $390 million, nearly 150% higher than the first quarter, LIMRA said.  However, they are still a minor portion of the overall market, representing less than one percent of total annuity sales.

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