Expert: Account values pose challenges for variable annuities

04/23/2013 | AdvisorOne

The guaranteed value of many variable annuities, especially policies bought before 2008, far exceeds the account value, requiring investors to start taking income in order to get higher payments, writes Mike Henkel of Achaean Financial. Carriers also have significantly readjusted the pricing and income guarantees of new policies in response to greater hedging costs and capital requirements, Henkel writes.

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