Analysis: Issuers move to limit risk for variable annuities

12/3/2012 | Financial Planning

Several issuers of variable annuities acted during the third quarter to reduce risks associated with the products, writes Frank O'Connor of Morningstar. Strategies included reducing or eliminating withdrawal benefits, suspending sales of some products, limiting additional contributions to existing contracts and issuing new variable annuities aimed at market segments with low penetration, he writes.

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