More Reconnaissance on the VA Arms Race – What’s Happening with GLWBs

We think most of our readers would agree that the competition in the variable annuity business within Guaranteed Lifetime Withdrawal Benefits (GLWBs) constitutes the largest portion of the living benefits arms race, and this year we’re seeing plenty of new bells and whistles being added all the time. The competition is mostly about kinds of guaranteed interest growth companies are offering, and there are interesting variations on this theme emerging...