February was a strong month for annuity sales through financial institutions, and early indications are that March will follow suit.
With market and economic conditions looking good, total annuity sales through banks jumped 27% in February, to $3.4 billion, according to the Kehrer-LIMRA Monthly Bank Annuity Sales Survey. That rate of sales had not been seen October of 2009, noted Janet Cappelletti, associate research director at Kehrer-LIMRA.
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