Guaranteed benefits still popular in variable annuities

• 87% – Percentage of consumers who elected guaranteed living benefits in the first quarter of 2010.
• $440 billion – Variable annuity assets with guaranteed living benefits at the end of the first quarter, up 7 percent from year-end 2009.
• 75% – Amount of new premium sold with a guaranteed lifetime withdrawal benefit rider.
• $1.433 trillion – Total variable annuity assets at the end of the first quarter of 2010.
• 16% – Percentage of consumers who elected annuities with guaranteed minimum income benefit riders.
• 4% – Percentage of consumers who elected annuities with guaranteed minimum accumulation benefit riders.
• $17.2 billion – New deferred variable annuity premium with guaranteed living benefits in the first quarter of 2010.
• 90% – GLB election rate among independent advisors, as well as wirehouse brokers.

Source: LIMRA