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Income Annuity Sales Are Turning Heads

New York Life is reporting that its fixed immediate annuity sales topped $1 billion in the first six months of 2011-up 26 percent over same period last year. Distribution is through New York Life agents and third-party channels. The company has long focused on developing the immediate annuity market, and it looks as if its focus is paying off. In fact, LIMRA research shows the company was the top seller of immediate annuities for the first half

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