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Banks recorded another great year in life insurance sales, according to Bank Insurance & Securities Research Associates, a bank brokerage industry group — great news considering the growing insurance gap.
In 2012, banks sold $1.6 billion in life insurance premium, the second highest annual production level in the history of the bank channel. The banks’ record year was 2010, when the channel sold $1.8 billion in life insurance.
Margarida Correia is a former associate editor of the Employee Benefits Group and of Bank Investment Consultant.
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