Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities > Variable Annuities

Kehrer: Banks Sell More Variable Annuities

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, July 2, 2003, 1:13 p.m. EDT – U.S. banks generated $4.25 billion in annuity sales in April, up from $4 billion in April 2002, according to Kenneth Kehrer Associates, Princeton, N.J.

Bank sales of fixed annuities fell to $2.6 billion, from $3.2 billion in April 2002, but sales of variable annuities increased to $1.65 billion, from $800 million, Kehrer says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.