Thursday, May 11, 2006

 

VA Volume Soars

Bank sales of annuities climbed to $3.2 billion in February, up 7% from the total for February 2005.

Although fixed annuity sales fell 18%, to $1.5 billion, variable annuity sales increased 42%, to $1.8 billion, according to a survey by Kenneth Kehrer Associates, Princeton, N.J.

VA Volume Soars
Source: National Underwriter (subscription required)

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