NU Online News Service, July 7, 2004, 3:45 p.m. EDT
Many variable annuity issuers could end up emphasizing their investment assistance strategies.[@@]
Researchers at Financial Research Corp., Boston, come to that conclusion in a new report on VA product and marketing strategies.
Insurers developed VA contracts in response to requests from consumers for annuity products that would give holders more control over investment decisions. The insurers have focused mainly on picking money managers and developing attractive subaccount menus.