Friday, November 02, 2007

 

Bank Annuity Sales Surge in First Half of 2007

Sales of annuities in banks surged in the first half of the year, according to a report by a financial institution market watcher.

The most recent Kehrer-Jackson Bank Annuity Sales Survey shows bank annuity sales climbed 17% in May over the previous month, to $4.1 billion from $3.5 billion, and have soared 41% since January, when sales were $2.9 billion.

Bank Annuity Sales Surge in First Half of 2007
Source: Insurance News Net

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