Pace of VA Changes is Ramping Up: Price Increases, Benefit Revisions, More

Judging by the sheer amount of activity from variable annuity insurers recently – most of them are trimming the richness of their benefit guarantees and/or raising pricing – we think it’s safe to say the industry is now in a full “scale back” mode which should continue through the end of the year. We’d venture to guess this will be the case even if the market improves...