Continued poor rate spreads between CDs and annuity yields pushed bank-sold annuity sales last year to their lowest level since 2000 and off more than 25% from what was widely viewed as a lackluster 2009.
Kehrer-LIMRA this week reports that total annuity sales through banks fell to $33.2 billion in 2010—a trough unseen since banks sold $31 billion in annuities in 2000.
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