Variable annuities

Soleares Research, LLC is a market research and consulting firm servicing the annuity and life insurance businesses. We provide, through our website, periodic articles that cover important industry trends; we also offer clients phone or on-site consultations, executive briefings and presentations. We pride ourselves on first-class customer service and responsiveness to our clients. We aim to be an indispensable resource to the marketplace.

List of Articles

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Posted By: Steven D. McDonnell Posted On: Jun 27, 2019

This week we’ll once again weigh in on patterns we’re seeing in variable annuity product development, which will serve as an accompaniment to our updates of Featured Research tables covering new contracts and guaranteed lifetime withdrawal benefits (GLWB)s that have been filed with the SEC so far this year...


Posted By: Steven D. McDonnell Posted On: Jun 21, 2019

In this report we’ll get caught up with recent developments along the variable annuity product pipeline and touch on pre-effective amendments to new contracts that have launched or will soon, as well as some new guaranteed living benefits...


Posted By: Steven D. McDonnell Posted On: Jun 05, 2019

As we were expecting, variable annuity industry sales declined in the first quarter of this year while production of fixed and fixed-index annuities rose, and we suspect those patterns will persist over the rest of 2019, especially if stock market volatility remains intense...


Posted By: Steven D. McDonnell Posted On: May 20, 2019

In this report we’ll discuss a variable annuity guaranteed living benefit (GLB) buyout offer recently filed by Voya Insurance and Annuity Company that is scheduled to commence in the fall. It is the first such program we’ve seen from the insurer in a few years...


Posted By: Steven D. McDonnell Posted On: May 07, 2019

Based on our review of results of selected stock-traded insurers, we are of the opinion that, in all likelihood, variable annuity industry sales fell in the first quarter. In the meantime, fixed and fixed index annuities (FIAs) continued to build on their recent upward momentum...


Posted By: Steven D. McDonnell Posted On: Apr 29, 2019

In this report we’ll get caught up with noteworthy variable annuity filings from the month of April. During that time we saw a few new registrations, amendments to contracts currently in the pipeline, and plenty of changes, many of which are scheduled to take effect during the May prospectus update season...


Posted By: Steven D. McDonnell Posted On: Apr 12, 2019

In this report we’ll comment on new variable annuity guaranteed lifetime withdrawal benefits (GLWBs) filed with the SEC so far this year. While filing activity of such riders has been increasing, it is still well below the levels of years past...


Posted By: Steven D. McDonnell Posted On: Mar 28, 2019

In this report we’ll provide more perspective on the kinds of new variable annuity contracts that are being registered this year with the SEC. A common tendency has been for insurers to “bracket” key elements of contracts and guaranteed benefits, the details of which will be added later, prior to launch...


Posted By: Steven D. McDonnell Posted On: Mar 13, 2019

In recent weeks we’ve seen some interesting new contracts get filed with the SEC, which we’ll discuss in this commentary. They include a new structured annuity from Nationwide and next-generation variable annuities from AXA Financial. We’ll also cover highlights from other noteworthy filings...


Posted By: Steven D. McDonnell Posted On: Mar 07, 2019

Historically February is when many new variable funds are filed in preparation for the May prospectus update season when such funds will be added to variable contracts. That pattern was very much in effect this year; in addition, we saw numerous adjustments and changes...


Posted By: Steven D. McDonnell Posted On: Feb 27, 2019

While most stock-traded insurers we follow regularly reported declines in variable annuity deposits in the fourth quarter, most had improved results year over year, which is what we had been expecting given the demise of the Department of Labor’s fiduciary standard and a feeling of renewed optimism around the industry...


Posted By: Steven D. McDonnell Posted On: Feb 22, 2019

In this commentary we’ll have much to cover, as a large number of interesting variable annuity filings came through in recent weeks and they ran the gamut: from new contracts and riders to changes in pricing and product provisions to an update to a benefit buyback program...


Posted By: Steven D. McDonnell Posted On: Feb 07, 2019

This will be a brief follow-up to our last commentary in which we’ll discuss variable annuity guaranteed living benefits (GLBs) that incorporate rate sheets which allow insurers to change benefit elements periodically for new sales...


Posted By: Steven D. McDonnell Posted On: Jan 28, 2019

This week we’ll discuss new variable annuities registered recently by Ameriprise Financial all of which include updates to existing guaranteed living benefits that, for the first time, will have features that may be set by the company periodically via rate sheet...


Posted By: Steven D. McDonnell Posted On: Jan 07, 2019

In this report we’ll cover several new variable annuities filed late last year by Jackson National which are updates to existing products; all of them will include new guaranteed death and living benefits and various other modifications. They are scheduled to launch this spring...


Posted By: Steven D. McDonnell Posted On: Dec 31, 2018

If we were to characterize the year 2018 for the variable annuity business based on what we know thus far, we would call it a time of renewal, as sales started to recover, an improvement that has helped brighten prospects for the annuity industry as a whole...


Posted By: Steven D. McDonnell Posted On: Dec 11, 2018

In our view as we enter the heart of the holiday season, things are looking up for the variable annuity business: sales are recovering and insurers are building out their product offerings again. In this report we’ll share some thoughts on the current state of affairs and touch on recent product developments...


Posted By: Steven D. McDonnell Posted On: Dec 04, 2018

Based on our review of selected public insurers’ third quarter results, and recently-released data from industry research firms, we think the variable annuity business experienced positive uplift in the quarter, which we think will carry through the rest of this year...


Posted By: Steven D. McDonnell Posted On: Nov 12, 2018

As third quarter earnings season is well underway, in this commentary we’ll provide a few forward-looking thoughts on how the variable annuity industry may have performed during that time period – we’ll follow up with actual sales numbers later when we compile them. In addition we’ll cover some noteworthy product filings from recent weeks...


Posted By: Steven D. McDonnell Posted On: Oct 30, 2018

In this report we’ll cover a batch of notable variable annuity product filings from this month which includes a benefit buyback offer, a contract exchange offer, new contract registrations, multiple fee changes and other adjustments...


Posted By: Steven D. McDonnell Posted On: Oct 02, 2018

In recent weeks we’ve been noticing some interesting variable annuity product filings come through – most of them involving changes to existing contracts and benefits – and in this report we’ll report on them...


Posted By: Steven D. McDonnell Posted On: Sep 25, 2018

It’s been a few weeks since Ohio National announced it will be exiting the industry, even so we thought we should offer up a little historical perspective and thoughts about what the departure might mean for other players...


Posted By: Steven D. McDonnell Posted On: Sep 17, 2018

August was another lively month for variable fund-related filings as there were a few new registrations, some new classes, and a host of interesting changes...


Posted By: Steven D. McDonnell Posted On: Aug 28, 2018

Variable annuity sales for most stock-traded insurers we follow regularly showed improvement in the second quarter, which no doubt contributed to the industry’s quarter-over-quarter rise. This report will be our customary quarterly rundown of what we gleaned from insurers’ earnings reports...


Posted By: Steven D. McDonnell Posted On: Aug 09, 2018

This will be a brief commentary touching on some of the main attributes of structured annuities, a product type that has garnered significant sales traction in recent years and has been a source of innovative tweaks and modifications on the part of insurers...


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