After a period of booming sales in first quarter of 2011, annuity sales through banks have fallen off significantly, according to a new report by Kehrer-LIMRA, the banking industry research unit of LIMRA.

Kehrer-LIMRA reports that total annuity sales in the bank channel fell 14% from March to April to $3.6 billion and dipped another 5% in May to $3.5 billion.

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