Jackson National Extending VA Strategy

Another company, Allianz Life Insurance Company of North America, Golden Valley, Minn., a unit of Allianz S.E., Munich, Germany, recently made a move to add sizzle to its indexed annuities by adding an income inflation protection option tied to the Consumer Price Index.

The efforts to innovate come as press reports surface of insurers continuing to realign annuity programs in response to factors such as low interest rates, tough accounting proposals and provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act that could affect annuity hedging programs.

- Allison Bell