The adoption of guaranteed living benefits fell in the first quarter of 2011 to their lowest rate since the third quarter of 2008—and improved confidence in the stock market may be the reason.

Guaranteed living benefits were adopted, when they were offered with variable annuities, 86% in the first quarter, according to LIMRA. That was down from a peak of 90% in the first quarter of 2009, notes Dan Beatrice senior analyst, retirement research with LIMRA.

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