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

Comments