Despite a late surge, annuity sales through banks and savings institutions fell to $3.9 billion in August, down 2% from the total for August 2004.
Continuing weakness in bank sales of fixed annuities accounted for much of the decline, according to Kenneth Kehrer Associates Inc., Princeton, N.J.
Bank Annuity Sales Had Cool August
Source: National Underwriter (subscription required)
Bank Annuity Sales Had Cool August
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