Insurers are Reshaping Annuities to Offer Unique Income-Focused Guarantees

The annuity industry is now in a period where it is seeking to develop new product types, using the lessons learned during the heady days of the variable annuity arms race. It is abundantly clear to us that investors value guaranteed benefits. The trick for insurers is to create new ones that are not overly generous, that can be managed effectively over the long haul...