Filed Under:Annuities, Fixed Indexed

Ruark study: Annuitization rates are below 5 percent

Annuitization rates are currently lower than 5 percent in the aggregate, new research shows.

Ruark Consulting LLC, Simsbury, Conn., has released this finding in a new report, “Guaranteed Minimum Income Benefit (GMIB) Annuitization Study. Based on data encompassing 600,000 contract years and 10,000 annuity contracts from seven insurance companies, the report also contains updates to two other Ruark reports: “Variable Annuity Surrender Study” and “Variable Annuity Partial Withdrawal Study.”

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Nichole Morford

Nichole Morford
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