Advisors are upset because a couple of big variable annuity carriers — Prudential and Jackson National — are suspending sales of, or deposits into, certain variable annuities, such as those offering guaranteed living benefits. (insurancenewsnet.com)
Sales of variable annuities with guaranteed living benefits run nearly equal with variable annuity sales without living benefits, Giesing said. (insurancenewsnet.com)
Calculation of the Reserves for Variable Annuities that provide Guaranteed Living Benefits (VAGLBs) in the Preparation of Statutory Financial Statements (insurance.ohio.gov)