Jackson's market share for total annuity sales increased from 4.0% in 2008 to 5.9% in 2009.
Market share for variable annuity sales increased from 4.3% in 2008 to 8.1% in 2009.
And it was fined in 2001 for its handling of variable annuity sales.
(The numbers do not add up to 100 percent because they exclude variable annuity sales and switches among funds in the same family.)
Banks are expected to move rapidly to increase their growing share of annuity sales; insurance company agents stand to lose the most from the changes.
As proposed, it would have been effective immediately, drying up annuity sales.
Still, Mr. Bush's hope to slow annuity sales seems clear.
Following yesterday's Supreme Court ruling, banks are expected to move rapidly to increase their already growing share of annuity sales.
And with the stock market going sideways, people are looking for investment alternatives, giving annuity sales representatives a ready audience.
Although total annuity sales fell slightly in 2003, they have almost doubled since 1997.