Close Close

Life Health > Annuities > Fixed Annuities

Bank Annuity Sales Soar

Your article was successfully shared with the contacts you provided.

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.

LIMRA acquired Kehrer-LIMRA, a firm formerly known as Kenneth Kehrer Associates, last month.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.