Allianz Life Insurance of North America sold $ 1.45 billion worth of
structured VAs last year, compared with $ 592 million for traditional VAs.
And what a bright shining light
structured VAs have been for the handful of insurers who sell the most of them.
From the perspective of the insurance company
structured VAs represent a diversified approach to a marketplace hobbled by low rates.
Unlike fixed indexed annuities that protect annuitants from market losses,
structured VAs expose policyholders to the possibility of losses beyond a protection buffer offered by the insurer.
With interest rates still low and the market for variable annuities slumping fast it's hard to be cheerful about the immediate future of annuities — except when it comes to
structured VAs.
AXA has just under 100,000 contracts on
structured VAs, and all company VA sales rose 4 percent last year over 2015, Kennedy said.
Insurers like
structured VAs because these hybrid products require less capital to support than traditional VAs that come with lifetime income guarantees, which some insurance companies have found difficult to honor with interest rates still historically low.
For the moment, banks, broker - dealers and wirehouses appear to be the main distribution channels for
structured VAs.
Not exact matches
New SEC requirements obligating insurers to spell out the confusing fee
structures beginning this year will help, but when it comes to
VAs, the message remains «buyer beware.»
In addition to multiple fund selections,
VAs come with dozens of bells and whistles on the account
structure itself, including a typical one guaranteeing your heirs will receive at least as much as you paid in should you die early.
Also known as hybrid, index or buffer
VAs, the three major insurers in the
structured VA market include MetLife (distributor of Shield Level Selector), Allianz Life (Index Advantage), and Axa (Structured Capital St
structured VA market include MetLife (distributor of Shield Level Selector), Allianz Life (Index Advantage), and Axa (
Structured Capital St
Structured Capital Strategies).
Adding a well -
structured purse and pair of heels can take an outfit from «mom» to
va -
va voom!
The Blossom (below) is an instant hit with me, the delicate lace cap sleeves and flattering keyhole back is pure grace, and oh how I'd long to float around in the incredibly feminine delicate lace and dotted tulle of The Aster, whilst The Maple sure has some
va va voom to it with that fabulous
structure...
I'm thinking of the whole idea of randomness and chaos in Le
Va, or the grid
structure of Judd or Andre.