Fixed indexed annuities are gaining market share

10/3/2012 |

More insurers are developing fixed indexed annuity products, which guard an investor's principal and provide "respectable" returns, according to this article. Twenty carriers have added guaranteed lifetime withdrawal benefits to their fixed indexed annuities, while some variable-annuity issuers are offering to buy back certain lifetime benefits from annuity holders. "It's all about low interest rates and insurance companies trying to de-risk after some of the issuers got over-aggressive during a variable-annuity arms race," said Steven Saltzman of Kehrer Saltzman Associates.

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