Word: limera
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Sales of immediate fixed annuities rose 37%--to $3.3 billion--in 2000, according to Limera International, an industry trade group. That was just a warm-up for this year's first quarter, when sales surged 64%. "This has been a very, very hot topic as the number of retirees increases," says Eric Sondergeld, a Limera vice president. Farrell Dolan, a senior vice president for the life-insurance arm of Fidelity Investments, notes that the retirees will soon include droves of baby boomers. He says, "This market will only get bigger...
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