From the early 2000s until the financial crisis hit, the major variable annuity issuers were locked into something of a death spiral of product development: As interest in income guarantees grew, increasingly aggressive strategies were developed to capture more sales and market share, culminating in product designs that inflicted serious damage to balance sheets when both the equity and bond markets dropped precipitously.

Click to see data

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access