Back to the Drawing Board

Panko, Ron
March 2009
Best's Review;Mar2009, Vol. 109 Issue 11, p68
Trade Publication
The article discusses the performance of variable annuity (VA) industry in the U.S. According to Morningstar Inc., the VA sales had decreased 18.1% to $37.8 billion in the third quarter of 2008. It is said that variable annuity writers are cutting back on their living benefits. The industry is also selling very little of the withdrawal benefit and made no alterations to its minimum accumulation benefits.


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