Reforming annuities’ image problem: New focus on risk
August 7, 2013 by William H. Byrnes, Esq., Robert Bloink, Esq.,
Today’s media coverage of the variable annuity market has focused on company buybacks and modifications to existing clients’ product guarantees — a prospect that has many clients feeling more wary than ever about annuity purchases.
Despite this, insurance companies have used the negative experiences of recent months as motivation to effect positive change in their annuity product offerings by offering clients real flexibility and risk management options. Stacking roll-up up features allow clients to tie annuity payouts to market performance while still allowing them to take advantage of guaranteed death benefit and lifetime guarantee add-on options. Click here to read…