February 15, 1995—Keyport (now Sun Life) sold the
Key Index Annuity for a premium of $21,000. Over a
5-year period the annuity grew to a value of
$51,779. The average CD at the time would have returned
$27,554 over the same five-year period, had
the client continually renewed it.
Fixed Indexed Annuities
At the close of 2013, Fixed Indexed Annuities sales
were $39.3 billion. (Investment News by: Matt Sirinides
Feb 25, 2014)
The First Variable Annuity
1952- TIAA-CREF sold the first Variable Annuity for use
in college and university qualified retirement plans.
At the close of 2012, Variable Annuity sales were
$145.6 billion. (Source: U.S. Individual Annuities Sales