According to a LIMRA study, Jackson National Life Insurance Company sold $23.2 billion in annuity sales, representing the top seller of total annuities in 2013.
Most of the Jackson National Life’s annuity sales were variable annuities ($20.9 billion), making it also the top seller of variable annuities in 2013.
In discussing the success annuities have experienced in 2013 and moving forward, Joe Montminy, assistant vice president, LIMRA SRI Annuity Research, said, "Improved interest rates make the product offerings more attractive and they have benefited from continued product innovation."
Total fixed annuities sales grew 17 percent in 2013, totaling $84.8 billion.
Despite extraordinary 32 percent growth in the equities market in 2013, VA sales were down 1 percent at year-end compared with 2012 and totaled $145.3 billion.