After announcing plans last year to double its annuity sales through banks, Lincoln Financial Group did much better than that — its sales of fixed annuities in the channel rose more than ninefold during 2001, according to Kenneth Kehrer Associates.

Kenneth Kehrer, president of the Princeton, N.J., consulting firm, said Lincoln’s sales of fixed annuities through banks totaled $1.26 billion last year, compared with $129 million in 2000.

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