Bank sales of fixed and variable annuities regressed slightly in January, according to the latest Kehrer-Jackson Monthly Bank Annuity Sales Survey, but overall investor interest still remains much higher for both than it was at this time last year.
Banks sold more than $2.7 billion worth of fixed and variable annuities, down 3% from December. However, that figure represented a 24% improvement from January 2010 when total annuity sales cratered at $2.2 billion.
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