Friday, December 16, 2005
Bank VA Sales Overtake Bank FA Sales
In September, for the first time in 5 years, bank and savings institution sales of variable annuities exceeded sales of fixed annuities.
Bank sales of variable annuities reached $1.9 billion in September, up from $1.4 billion in September 2004, while bank FA sales fell to $1.6 billion, from $2.2 billion, according to Kenneth Kehrer Associates, Princeton, N.J.
Bank VA Sales Overtake Bank FA Sales
Source: National Underwriter (subscription required)
Bank sales of variable annuities reached $1.9 billion in September, up from $1.4 billion in September 2004, while bank FA sales fell to $1.6 billion, from $2.2 billion, according to Kenneth Kehrer Associates, Princeton, N.J.
Bank VA Sales Overtake Bank FA Sales
Source: National Underwriter (subscription required)
Permalink posted by armandn @ 8:45 AM 
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