Despite low rates, Kehrer-Limra says certificates of deposit are currently paying out more than fixed annuities, total sales of annuities in banks are holding steady, the consultant says.
The Kehrer-Jackson SM Monthly Bank Annuity Sales Survey suggests that fixed annuities, which were riding high in June 2009 with sales of $2.5 billion, are stabilizing after January’s tragic $1.1 billion in new premiums.
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