Taking a crucial step forward in its plan to create a family of proprietary annuities, First Interstate Bancorp has selected-SunAmerica to underwrite the product's insurance contracts.

The deal marks the second time in a month that SunAmerica, a Los Angeles-based insurer, has aligned with a bank to develop annuities.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.