Expert: Variable annuities innovate in response to market demands

12/12/2012 | Nerd's Eye View blog

Variable annuities are once again the subject of innovation, with companies offering products featuring tax-deferred wrappers and flexible contracts at a low price, Michael Kitces writes. The products have the potential to serve as an "on-demand tax-deferred asset location," which may end the living- and death-benefit annuity guarantees that have been a major feature during the past decade, he writes.

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