Beacon's Fixed Annuity Premium Study Reports Third Quarter's Bank Channel Sales
Monday, November 24, 2008
U.S. bank sales of fixed annuities were an estimated $9.2 billion in third quarter, 2008, according to new data from the Beacon Research Fixed Annuity Premium Study (1). The quarter's sales were 80% above third quarter, 2007, and up 4% from the prior quarter. On a year-to-date basis, estimated sales were $24.9 billion, 90% ahead of results in the first three quarters of 2007 (2).
AEGON/Transamerica Companies led in the bank channel for the first time in the Study's six-year history. Third quarter results for the top ten Study participants were as follows: read more
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