Thursday, July 19, 2007

 

Bank Annuity Sales Decline in April. Fixed Annuity Sales Flat, VA Sales Drop 5%

In April, total bank annuity sales fell 3 percent compared to the prior month. According to the Kehrer-JacksonSM Monthly Bank Annuity Sales Survey, financial institutions sold $3.5 billion of fixed and variable annuities in April, down from $3.6 billion in March, but higher than the $2.9 billion sold in January and February. The monthly survey is based on a national sample of banks that each have a minimum of $4 billion in assets.

Bank Annuity Sales Decline in April. Fixed Annuity Sales Flat, VA Sales Drop 5%
Source: Insurance News Net

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