In a sign that bank customers are accepting higher risk in exchange for fatter returns, variable annuities sold through banks are poised to overtake fixed annuities in popularity.

As recently as 1995, bank customers invested more than three times as much in fixed annuities as in their variable-rate counterparts.

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.