“Complex” products risky to insurers, too
January 11, 2013 by Elizabeth Festa
Risks abound—even for insurers—in not fully understanding annuity products.
The General Accounting Office (GAO) agrees new annuity designs with guarantees can be helpful to helping consumers looking for a steady stream of income but used a variety of input from state and federal regulators as well as insurers to conclude that consumers should proceed with caution, or the help of a professional, for now, when selecting these products.
And, the report said the products are not without risk for both consumers and the industry. Click here to read more…
Originally Posted at LifeHealthPro on January 10, 2013 by Elizabeth Festa.
Categories: Industry Articles