Friday, August 08, 2008
Bank Annuity Sales Fall in May
In May, total bank annuity sales declined for the second month in a row. According to the Kehrer-JacksonSM Monthly Bank Annuity Sales Survey, financial institutions sold $4.1 billion of fixed and variable annuities in May 2008, down from $4.9 billion in April and $5.1 billion in March. The monthly survey is based on a national sample of banks that have a minimum of $4 billion in assets.
Bank Annuity Sales Fall in May
Source: Insurance News Net
Bank Annuity Sales Fall in May
Source: Insurance News Net