Bank Annuity Sales Fall in May

In May, total bank annuity sales declined for the second month in a row. According to the Kehrer-JacksonSM Monthly Bank Annuity Sales Survey, financial institutions sold $4.1 billion of fixed and variable annuities in May 2008, down from $4.9 billion in April and $5.1 billion in March. The monthly survey is based on a national sample of banks that have a minimum of $4 billion in assets.

Bank Annuity Sales Fall in May
Source: Insurance News Net
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