Sales of fixed annuities through banks contributed substantially to Jackson National Life Insurance Co.'s earnings in 1995.

The Atlanta-based company last week reported record earnings of $312 million in 1995, a 45% increase from the previous year.

Jackson sold more than $300 million in fixed annuities through banks last year, compared to $240 million in 1994. That represented approximately 15% of overall sales for the insurance company. Jackson added variable annuities to its menu this January.

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