If you want evidence that annuities are a hot business at banks, just listen to Michael McCoy, senior vice president of Security First Group.

The Los Angeles company - known until last week as the Holden Group - is on track to post $150 million in annuity sales this year, up 25% from last year. And so far this year, the company has captured 14 new bank clients, boosting its roster to 96.

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.