Variable Annuities Attract Premium Deposits in Year 2: Study

For companies that did not provide data for the study, the purchase price is $60,000.

Insurers can use the data to design products, price products and improve predictions about how in-force contracts will perform.

The public materials: The team has provided some information on the study summary page and in a general report about the findings.

The average annuity included in the study had about $133,000 in contract value exposed to surrender, and the average contract owner who withdrew cash took out about $11,100.

The survey shows that benefits guarantees increase the odds that owners will keep their contracts. In 2021, for example, the surrender rate was about 13% for contracts with GLWB riders and about 17% for products without any living benefit guarantees.

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