Banks, Insurance Firms Benefit From Interest in Fixed Annuities
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| Bank sales of fixed and variable annuities in March were 61 percent higher than total bank annuity sales in January, and 69 percent higher than March 2007. |
By Laura Schreier
Fixed annuities have sprinted forward as the go-to conservative investment vehicle, with sales out of banks leaping from $1.9 billion in January to $4.1 billion in March, according to figures from international research firm Kehrer-LIMRA.
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