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.
As an emerging market, DIAs have experienced significant growth in 2012, said Joe Montminy, assistant vice president and director of LIMRA annuity research, in a press release.
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