“Stretching Exercises” – That Might Pull VA Products in New Directions

It’s our sense that, unless there is a dramatic (and sustained) rebound in the financial markets near term, most variable annuity insurers will be in de-risking mode. For that reason we expect more of the occurrences we’ve become accustomed to of late: temporary fire sales, big moves up and down the sales leader board, and possibly even some complete departures from the business...