Aegon Sees Strong Annuity Buyout Demand

February 15, 2022 by Allison Bell

Executives at Aegon — the Dutch parent of Transamerica — say many holders of U.S. variable annuities with rich benefits guarantees would rather have a big cash payment.

The executives talked briefly about Transamerica’s U.S. variable annuity buyout program Wednesday, on a conference call the company held to go over earnings for the fourth quarter of 2021 with securities analysts.

Click HERE to read the full story via ThinkAdvisor

Wink’s Note: The very first company to ever offer a Guaranteed Lifetime Withdrawal Benefit (on a VA) is continuing it’s efforts on a variable annuity buyout deal.
I’m going to keep it real with you. I am not a big fan of these buyouts. You want to play in the arms race, then make good on your guarantees – sjm

Originally Posted at ThinkAdvisor on February 10, 2022 by Allison Bell.