Fixed and variable annuities sales through banks slumped at the beginning of this year, hitting their lowest point in a decade, according to the latest Kehrer-Jackson Monthly bank Annuity Sales Survey.

Sales of fixed and variable annuities through banks and credit unions declined 17% in January to $2.4 billion from a month earlier, and 44% from a year earlier.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access