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The Insured Retirement Institute (IRI) announced final third-quarter sales results for the U.S. annuity industry, based on data reported by Beacon Research and Morningstar, Inc. Industry-wide annuity sales in the third quarter of 2017 totaled $43.7 billion, a 13.3 percent drop from sales of $50.4 billion during the second quarter of 2017, and a 14.8 percent decline from sales of $51.3 billion in the third quarter of 2016.