Bank sales of annuities may have started out the year on the wrong foot—January was down 24% on an already weak December—but they fought back, rising 15% in February and again by 28% in March, according to the Kehrer-Jackson Monthly Bank Annuity Sales Survey.
March annuity sales through banks totaled $3.3 billion, strong in both fixed and variable products, something Kehrer-LIMRA, the publisher of the report, says is a rare occurrence.
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