Most annuities bought to reduce investment risk: LIMRA

By Tue, Sep 3, 2024

'Most annuities are purchased as protection from investment risk, not for longevity risk,' LIMRA research chief Bryan Hodgens said. 'Most fixed index and RILA contracts are bought without a guaranteed living benefit. We have seen a slight uptick in consumers buying the GLB rider on FIAs and RILAs.'

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