Filed Under:Annuities, Variable

Morningstar: VA product changes in 3Q outpace activity from year-ago period

Photo credit: KROMKRATHOG
Photo credit: KROMKRATHOG

Product changes that variable annuity providers unveiled during the third quarter was more than double that of the year-ago period, but down from the second quarter, according to new research from Morningstar U.S.A.

The Chicago-based investment research firm pegs the number of VA product changes at 106 in its third quarter report. This is up 165% from the 40 changes introduced in the third quarter of 2011, but down the 168 product changes recorded in the second quarter of this year.

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Nichole Morford

Nichole Morford
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