We hear there is a feeling around the industry that, due to the impact of the tumultuous markets, annuity insurers are “looking for the next business model” and are re-appraising their contracts, underlying funds, distribution methods, if not their whole operations. With this fact in mind, we have seen signs of companies experimenting with making products simpler and guarantees more modest, and we believe there will be plenty more of this over the near term...
Where Annuity Products Might Be Headed, Given the Current Environment
Steven D. McDonnell
