{"id":20994,"date":"2023-11-16T21:47:39","date_gmt":"2023-11-16T21:47:39","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2023\/11\/16\/variable-annuities-attract-premium-deposits-in-year-2-study\/"},"modified":"2023-11-16T21:47:39","modified_gmt":"2023-11-16T21:47:39","slug":"variable-annuities-attract-premium-deposits-in-year-2-study","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/11\/16\/variable-annuities-attract-premium-deposits-in-year-2-study\/","title":{"rendered":"Variable Annuities Attract Premium Deposits in Year 2: Study"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/834517841\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/2023-11-15-data-analytics_Adobe-Stock_640x640_Song_about_summer_dams.jpg.jpeg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/2023-11-15-data-analytics_Adobe-Stock_640x640_Song_about_summer_dams.jpg.jpeg\" class=\"ff-og-image-inserted\"><\/div>\n<p>For companies that did not provide data for the study, the purchase price is $60,000.<\/p>\n<p>Insurers can use the data to design products, price products and improve predictions about how in-force contracts will perform.<\/p>\n<p><strong>The public materials: <\/strong>The team has provided some information on the study summary page and in a general report about the findings.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><em>Credit: Song about summer\/Adobe Stock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":20995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2023\/11\/variable-annuities-attract-premium-deposits-in-year-2-study-scaled.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20994"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20994"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/20995"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}