Many insurance and annuity industry executives expect variable annuity living benefits charges to increase in the next 3 years.
An analyst at Cerulli Associates Inc., Boston, has reported that finding in a summary of results from a survey of two dozen executives at insurers and variable product asset managers.
Only 20% of the executives surveyed predict a noticeable increase in mortality and expensive risk charges over the next 3 years, but 55% expect the cost of traditional withdrawal benefit riders to rise, and 65% expect the cost of lifetime withdrawal benefit riders to increase.
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