Variable Annuity Sales Highest Since Q3 2007
Net variable annuity sales in the third quarter were $8.8 billion, the highest level since the same quarter of 2007 when sales totaled $8.9 billion, the Insured Retirement Institute announced Tuesday.
Variable Annuity Sales Steady in Q4
Variable annuity sales rose in 2010 on "continued innovation in product development" by annuity carriers, according to a report compiled by Morningstar and released Wednesday by the Insured Retirement Institute.
Insurers Modify Annuity Benefits
Insurers that sell variable annuities have had to contend with volatile equity and credit markets. As a result of the changes, the industry is moving towards more standardized benefits, according to several experts.
VAs: What's New?
Variable annuities have undergone and are still undergoing constant improvement, experts say, and a more advisors than before are willing to consider them for clients. Research...