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Bank Annuity Sales Fall 9%

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NU Online News Service, July 28, 2004, 4:41 p.m. EDT

Total bank annuity sales fell to $4.1 billion in May, down 9% from the May 2003 total.[@@]

Kenneth Kehrer Associates, Princeton, N.J., has published those statistics in its latest monthly report on the bank annuity market.

Bank fixed annuity sales increased to $2.8 billion, up from $2.7 billion in May 2003, but bank variable annuity sales fell to $1.3 billion, from $1.8 billion.


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