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In Reply to: Annuities 2/3rds of total life insurance industry sales posted by SloppyJoe on July 25, 2010 at 13:22:26:
: Annuities account for about two-thirds of total life insurance industry sales, according to the Life Insurance Marketing Research Association, with variable annuities making up the bulk of those sales. The Hartford is the leading seller of variable annuities in the U.S., followed by TIAA-CREF, the AXA Equitable Life Insurance unit of France's AXA, MetLife, and AIG's AIG SunAmerica Life Assurance.
I wonder how many of those are VUL or variable annuities that have not performed near projections? VUL is a scam product in my opinion, I haven't seen one I liked, except for the commission!
Agent