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U.S. annuity sales totaled $60.2 billion in the second quarter 2015, 3 percent lower than sales recorded prior year, but 10 percent higher than the previous quarter, according to LIMRA Secure Retirement Institute's second quarter U.S. Individual Annuities Sales Survey.
Variable annuities (VAs) with no income guarantees will “probably be eliminated” from individual retirement accounts (IRAs) under the U.S. Department of Labor’s (DOL) proposed conflict of interest rule, a life insurance industry analyst said.
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