Mystery Variable Annuity Holders Tend to Drift Away: Ruark
January 13, 2021 by Allison Bell
When a life insurer has a hard time providing basic information about an annuity holder, that may be a sign the annuity holder is likely to drop a contract.
Ruark analysts based the new study on data on 13.9 million policyholders and $675 billion in account value from 20 participating insurers.
That compares with data on 14 million policyholders and $795 billion in account value from 24 participating issuers for Ruark’s 2019 variable annuity market study.