Bank holding companies sold more annuities in the first six months of 2014 than they did in any first-half-year period, according to the Michael White Bank Annuity Fee Income Report released this week.
Bank holding companies raked in $1.81 billion in annuity commissions and fees in the first half of 2014, up 11.5% year-over-year. The income represented 37.1% of total insurance sales volume, according to the report.
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