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Bank Annuity Sales Soar

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Total sales of annuities in banks increased to $5 billion in June, up from $3.6 billion in June 2005.

Sales of fixed annuities rose 35%, to $2.7 billion, while sales of variable annuities rose 44%, to $2.3 billion, according to a study by Kehrer-LIMRA, an arm of LIMRA International, Windsor, Conn.