Registered Indexed Linked Annuity (RILA) is the fastest growing segment of annuities, meeting consumer need for protected growth for financial security and retirement income. Innovations are appearing with different indices and pay-off strategies as well as with guaranteed living withdrawal benefits (GLWBs). The RILA payoff structures are also showing up in different forms with defined outcome funds or rider buffered benefits within variable annuities. Third party tools are becoming more prevalent and even necessary in showing how these payoffs and their tradeoffs work. With increasing proliferation of different structures, it becomes even more important to understand how they would be perceived in the marketplace. These products generally have greater sustainability today as companies can share market risk and volatility with the consumer. As the competition increases, innovation in product is imperative and how it is presented.
During the webcast, you will understand:
- The RILA market
- Alternatives to RILA
- The relevance of this product line to their companies