We’re constantly maintaining that the importance of living benefits to the variable annuity business cannot be overstated. Although most of the market right now is concentrated on lifetime withdrawal benefits, there’s been resurgence in competition surrounding Guaranteed Minimum Income Benefits (GMIBs), and they remain a crucial part of some insurers’ VA operations...
Dueling GMIBs – The Arms Race Persists on Base Growth, Special Provisions
Steven D. McDonnell