The sale of indexed annuities with guaranteed lifetime withdrawal benefit riders grew during the first quarter of this year compared with the fourth quarter of 2013, according to the Limra Security Retirement Institute.

Of the $10.6 billion in indexed annuities sold in the first quarter of 2014, 86 percent offered guaranteed lifetime withdrawal benefits and consumers selected this option 68 percent of the time, says Limra. The sales total $6.2 billion for indexed annuities with lifetime benefits riders.

Prior Limra research showed that one of the top concerns for Americans is having enough money for a comfortable retirement. In addition, Limra data on indexed annuity buyers shows that nine out of 10 say having enough money to last throughout their and their spouse’s lifetimes is the top objective for their financial assets, Limra says.

A guaranteed lifetime rider was available with 136 out of the 184 indexed annuity products available in the first quarter of 2014, Limra says. Indexed annuity assets with guaranteed lifetime benefits reached $96 billion for participants as of the end of the first quarter 2014, which represents a 4 percent increase from the fourth quarter 2013.