VAs suffer record outflows, but enjoy record assets
April 6, 2021 by Editorial Staff
As Morningstar’s quarterly VA sales report for 4Q2020 shows, the VA business is complicated, with record-high sales of index-linked VAs, record-high VA assets on the books, but record outflows from VAs overall. Go figure.
The registered index-linked annuity, or RILA, has perhaps the least self-descriptive name in the entire annuity industry, and that’s saying something.
Wink’s Note: RILA = Structured Annuity