Bank annuity sales rose to $3.5 billion in July, up 17% from the July 2005 total, according to Kehrer-LIMRA.
Banks sold more fixed than variable annuities for the first time in 11 months, Kehrer-LIMRA reports.
Kehrer-LIMRA, an arm of LIMRA International, Windsor, Conn., gets the bank annuity sales figure by surveying a national sample of banks with assets of $4 billion or more.