Non-GLB variable annuities appeal to buyers of all ages
December 2, 2016 by LIMRA
Recent LIMRA Secure Retirement Institute studies show interesting differences in buyers of variable annuities with a guaranteed living benefit (GLB) rider than without the guaranteed living benefit.
The average age of those who purchased a variable annuity contract without the guaranteed living benefit is five years younger than the average age of the buyers who choose to purchase the GLB rider (57.3 versus 62.5). Buyers of variable annuities with a guaranteed living benefit are more concentrated towards pre-retiree’s.
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Originally Posted at LifeHealthPro on December 2, 2016 by LIMRA.
Categories: Industry Articles