Wednesday, August 29, 2007

 

Bank Annuity Sales Increase in May

In May, total bank annuity sales increased 17 percent compared to the prior month. According to the Kehrer-Jackson Monthly Bank Annuity Sales Survey, financial institutions sold $4.1 billion of fixed and variable annuities in May, up from $3.5 billion in April, $3.6 billion in March, and $2.9 billion in 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 Increase in May
Source: Insurance News Net

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