Annuity sales through banks topped $35 billion in 2013
April 3, 2014 by Daniel Williams
Good and bad news hit annuity sales through financial institutions in 2013, according to figures released in the annual BISRA Report.
Fixed annuities led the way, growing 39 percent from the previous year, but premiums continue to swoon, falling 36 percent since the record high in 2008.
We saw a nice progression as the year unfolded and in the year-end tally we’re seeing meaningful growth in fixed annuities for the first time in five years,” said Janet Cappelletti, Head of Research at BISRA.
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Originally Posted at LifeHealthPro on April 3, 2014 by Daniel Williams.
Categories: Industry Articles