NU Online News Service, Jan. 28, 2005, 4:28 p.m. EST
Annuity sales in banks and savings institutions were about the same in November 2004 as they were in November 2003.[@@]
Volume remained flat at $3.6 billion, according to a monthly survey conducted by Kenneth Kehrer Associates, Princeton, N.J. The survey is sponsored by Jackson National Life Insurance Company, Lansing, Mich.
Although volume held steady, sales of variable annuities rose, to $1.4 billion, from $1.3 billion, while sales of fixed annuities fell, to $2.2 billion, from $2.3 billion.