Commentary: Customers grapple with buyouts of variable annuities

12/5/2012 | National Underwriter Life & Health

The guarantees added to variable annuities to offset the products' risks are being reconsidered by insurance companies, leaving customers and financial advisers with questions on how to proceed, Sheryl Moore writes. Moore notes that three companies have offered cash buyouts to policyholders who voluntarily give up the guaranteed lifetime withdrawal benefit, guaranteed minimum death benefit and certain other riders.

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