Despite flat bank sales of fixed annuities industrywide in the third quarter, Keyport Life Insurance Co. of Boston has grown strongly in the bank channel.

For the first time in years Keyport Life's fixed annuity sales are exceeding those of its variable annuities, according to Philip Polkinghorn, president. Altogether, Keyport Life sold $343.3 million of fixed annuities through banks in the third quarter - more than triple the $101.8 million it sold the year earlier.

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