WASHINGTON, D.C. - December 5, 2013 -
The Insured Retirement Institute (IRI) released a new whitepaper focusing on the emergence of “accumulation-oriented variable annuities.” Accumulation-oriented variable annuities refer to variable annuities that do not offer optional living benefits and only provide guaranteed lifetime income via annuitization. Buyers of these annuity contracts are generally more interested in growing their asset base or protecting their base from market declines. The most common forms are growth-oriented variable annuities and the structured variable annuities. The whitepaper explores product design, features, as well as an overview of what these products’ emergence will mean for consumers, financial advisors, and annuity providers.
to access the whitepaper.