Banks have virtually limitless opportunities to sell insurance, now that the Supreme Court is in their corner, an industry consultant says. Earlier this month, the high court endorsed banks' sales of annuities, and also opened the door for sales to expand into life insurance and other insurance products.

The case, commonly referred to as Valic, pitted NationsBank and the Comptroller of the Currency against Variable Annuity Life Insurance Co. Will banks seize opportunities that the decision supplied? William M. Arnold, who specializes in banks and insurance as a principal with Towers Perrin in Atlanta, says financial institutions can't afford not to.

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