Filed Under:Annuities, Variable

Supply of VAs with GLBs projected to hit $142.7 billion

The high and low estimates of Cerulli’s projected sales capacity this year for VAs with GLBs are $153.1 billion and $132.4 billion, respectively.
The high and low estimates of Cerulli’s projected sales capacity this year for VAs with GLBs are $153.1 billion and $132.4 billion, respectively.

New research projects an average increase this year in the market capacity for variable annuities of $18.7 billion.

Cerulli Associates discloses this estimate in a report, “Annuities and Insurance 2013: Balancing Shrinking Supply and Increasing Demand for Guarantees.” The study pegs the average projected capacity of VAs with living benefits of $142.7 billion in 2013. This compares with new sales of VAs with optional living benefit guarantees — among them the guaranteed minimum income, withdrawal and accumulation benefits — of $124 billion in 2012.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.