Total bank annuity sales rose by 24 percent in March compared to the prior month. According to the Kehrer-Jackson Monthly Bank Annuity Sales Survey, financial institutions sold $3.6 billion of fixed and variable annuities in March, up from $2.9 billion in February and January, and $3.2 billion in December 2006. The monthly survey is based on a national sample of banks that each have a minimum of $4 billion in assets.

Bank Annuity Sales Up in March: Fixed Annuity Sales Jump 50%, VA Sales Increase 11%
Source: Insurance News Net