Sales of Fifth Third Bancorp's first private-label annuity are approaching $1.5 million.

Launched in December through the Cincinnati banking company's northern Kentucky branches, the Fifth Third Fixed Annuity is underwritten by Western Southern Life Insurance Co. The banking company has sold other companies' annuities for four years.

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.