Wednesday, January 04, 2006

 

Bank Annuity Sales Slump 25%

Sales of annuities in banks are continuing to fall as a result of weakness in demand for fixed annuities

Total bank annuity sales fell to $2.8 billion in October 2005, down 25% from the total for October 2004, according to Kenneth Kehrer Associates, Princeton, N.J.

Bank Annuity Sales Slump 25%
Source: National Underwriter (subscription required)

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