Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities

Bank Annuity Sales Surge

X
Your article was successfully shared with the contacts you provided.

Total bank annuity sales climbed to $5.1 billion in December 2008, up 37% from the December 2007 total.

The volume of fixed annuity sales made by banks tripled to $4.3 billion, up from $1.4 billion, according to Kenneth Kehrer Associates, a unit of LIMRA International, Windsor, Conn.

Bank variable annuity sales fell to $1.1 billion, from $2 billion.


NOT FOR REPRINT

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