NU Online News Service, Feb. 6, 2004, 5:15 p.m. EST – Bank annuity sales were both up and down in December 2003.[@@]
Combined bank sales for fixed and variable annuities amounted to $3.5 billion. That figure is 6% higher than the November 2003 sales total, but it’s 8% lower than the December 2002 total, according to the Kehrer-Jackson National Monthly Bank Annuity Sales Survey.
Survey figures show that bank annuity sales were on a rollercoaster throughout the last 4 months of 2003.
The banks did great in September and miserably in November. December was somewhat better than November.