Continuing a comeback after a difficult 2010, annuity sales through banks topped $4 billion in March to reach their highest level since exactly two years earlier, according to research firm Kehrer-LIMRA.
“February was a banner month and we had been anticipating an additional boost in March,” Janet Cappelletti, associate research director at Kehrer-LIMRA, said in a statement. “Annuity sales have been relatively stagnant for the last year and we finally got the lift everyone was hoping for.”
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