Wednesday, August 16, 2006
Bank Annuity Sales Surge in May
Bank annuity sales increased to $4.9 billion in May, up 36% from the total for May 2005.
Variable annuity sales in banks rose 60%, to $2.4 billion, while bank sales of fixed annuities rose 19%, to $2.5 billion, according to Kenneth Kehrer Associates, Princeton, N.J.
Bank Annuity Sales Surge in May
Source: National Underwriter (subscription required)
Variable annuity sales in banks rose 60%, to $2.4 billion, while bank sales of fixed annuities rose 19%, to $2.5 billion, according to Kenneth Kehrer Associates, Princeton, N.J.
Bank Annuity Sales Surge in May
Source: National Underwriter (subscription required)