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Life Health > Annuities > Fixed Annuities

Bank Annuity Sales Fall Slightly

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Banks sold $3.5 billion worth of annuities in February, down from $3.7 billion in February 2004.[@@]

Fixed annuity sales of $2 billion for the month were down slightly from $2.2 billion a year earlier, while variable annuity sales were even with the $1.5 billion reported a year before, according to Kenneth Kehrer Associates, Princeton, N.J.