The likely average capacity of variable annuities with living benefits is projected to reach $142.7 billion this year, up from $124 billion in 2012, according to a report by Cerulli Associates. The company's low and high capacity estimates range from $132.4 billion to $153.1 billion. "[C]ompared to previous sales volumes, Cerulli remains confident that the VA industry can meet present-day consumer demand,” the report said.

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