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)

This page is powered by Blogger. Isn't yours?