Close Close
ThinkAdvisor

Retirement Planning > Retirement Investing > Annuity Investing

Bank Annuity Sales Fall 9%

By Staff Writer

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

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.

NOT FOR REPRINT

© 2023 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.