Bank annuity sales at low point

March 25, 2013 by Michael K. Stanley

In 2012, bank-sold annuities hit their lowest point since 1999 with total annuity sales through banks totaling $29.6 billion.

The findings, included in a report from Bank Insurance & Securities Research Associates (BISRA) found that annuity production at banks steadily rose from the previous low of $31 billion in 2000 every year until 2012.

Annuity sales at banks dropped 20 percent year-to-year in 2012, a dramatic fall from their apex of $54 billion in 2008.  Click here to read more…

Originally Posted at LifeHealthPro on March 21, 2013 by Michael K. Stanley.