Panel: Variable Annuities Still Alive, Have Opportunities To Thrive Again
September 28, 2021 by John Hilton
The variable annuity market is in a transition period reliant on product and regulatory evolution to keep sales high.
If that evolution takes place, VAs could easily recapture their former glory while meeting consumers’ needs in a variety of ways, an Insured Retirement Institute panel agreed this week.
The nonqualified variable annuity market is growing while the qualified market shrinks, Seamus Ray, vice president, national account manager, for T. Rowe Price, noted during the IRI virtual annual conference session.