WEIGHTED BANK SALES OF INDIVIDUAL LIFE INSURANCE, 2007-2011 (1)

($ millions)

Year Sales Share of industry weighted premiums
2007 $227 1.6%
2008 176 1.3
2009 203 1.8
2010 277 NA
2011 236 2.0

(1) The weighted premium method of calculating annual sales volume emphasizes recurring premiums, i.e., policies with periodic payments. It deducts 90 percent of single premium sales, i.e., policies with one-time payments.

NA=Data not available.

Source: Bank Insurance and Securities Research Associates (BISRA).