Moody's: Annuity-guarantee miscalculations could hit insurers hard

06/25/2013 | Wall Street Journal, The

Moody's Investors Service said that incorrect determinations of how many variable-annuity holders will exercise lifetime-income guarantees could result in billions of dollars in charges against life insurers' earnings. Financial advisers are seeking other ways to reduce the risk of litigation as insurers work to decrease their liability related to such guarantees.

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Wall Street Journal, The

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