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.”

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access