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