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INDEX COMPENDIUM EXCERPTS
September
2010
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The monthly print edition of the Index Compendium
delivered only by your post office contains 8 pages of information, sales
ideas and advice to help you prosper in the index annuity world. This
website
only shows an article or two from each issue.
Here's what you're missing in
this month's Index Compendium:
* Myopic
Planners & Immediate Annuities
*
* The Truth About
Source of Funds *
* Trailing Commissions
Make Sense *
*
Long Term Index Annuity Sales Trends *
* Avoiding Trouble With
Regulators *
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Second
Quarter Index Annuity
Sales Mixed
The AnnuitySpecs.com Indexed Sales & Market Report 2nd Quarter, 2010 shows
second quarter 2010 index annuity sales were
$8379
million compared with sales of $6819 million for the previous quarter. Second quarter sales were
flat when compared with
the same period one year ago. Annualized index life premium was $166 million for
the 2nd quarter.
The
top ten index annuity carriers for the second quarter:
| Allianz Life
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$ 1,631,052,656
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Midland
National
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477,874,909
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Aviva
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1,487,010,904
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|
ING
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474,179,100
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| American Equity
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950,126,392
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Jackson National Life
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442,764,234
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| Lincoln
National
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523,082,594
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LSW
(National Life)
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266,521,543
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| North American Company
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496,664,354 |
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National Western
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220,398,399
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Average Commission
The average agent commission was 6.8%.
Winners & Losers
With the exception of
Jackson National most carriers posted strong sales gains when compared with the
previous quarter.
118
Failed Banks So Far In 2010
As of 20 August Florida bottoms the list with 22 closed, followed
by Illinois with 15 and California and Georgia with 10 failed banks.
Copyright 1998-2010 Jack
Marrion, Advantage Compendium Ltd., St. Louis, MO (314) 255-6531. webmaster at
indexannuity.org. All information is
for illustrative purposes only,
does not provide investment or tax advice. No index sponsors,
promotes, or makes any representation regarding any index product. Information
is from sources believed accurate but is not warranted. Advantage Compendium
neither markets nor endorses any financial product.
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