Milliman Survey Confirms Continued Dominance of Guarantees in Variable Annuity Retirement Income Products

Results from Milliman's second annual Guaranteed Living Benefits (GLBs) survey of leading variable annuity (VA) carriers indicate that GLBs continue to drive variable annuity sales. Total sales of VAs that offered a GLB during calendar year 2005 averaged 87% of total VA sales, stable relative to 2004 results. This figure increased to 89% during the first half of 2006, demonstrating the continued popularity of such benefits.

Milliman Survey Confirms Continued Dominance of Guarantees in Variable Annuity Retirement Income Products
Source: PR Newswire