VAs Outlook: Worse Before it Gets Better

March 28, 2017 by Cyril Tuohy

The long-suffering variable annuity market is going to get worse before it gets better, a product expert with Morningstar said last week.

From new regulations issued by the Department of Labor to investment restrictions in subaccounts to stingier guarantees, variable annuity sales aren’t expected to pick up anytime soon – though no one is predicting the death of the variable annuity market.

Variable annuity sales volume of $100 billion won’t simply disappear overnight, but new sales have been thinning faster than the polar ice cap.

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Originally Posted at InsuranceNewsNet on March 28, 2017 by Cyril Tuohy.