VA Insurers Are Revising Their Benefits to “Ratchet Down” Risk

To continue discussing our theme of last week, we’re sure that current financial market conditions are forcing variable annuity insurers to re-evaluate the living benefit guarantees they are selling. Third quarter results should provide us with greater insight as to where the major players stand on this front and what they might do going forward, meanwhile, some companies have been taking steps to trim their risk exposures...