Variable Annuity Guaranteed Living Benefits Utilization Study-2013 Experience

The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006.

The study examines the GLB utilization of over 4.7 million contracts that were either issued during or in force as of 2013. Twenty insurance companies participated in this study. These 20 companies make up 68 percent of all GLB sales in 2013 and 74 percent of assets at year-end, and thus provide a substantial representation of this business.

The SOA and LIMRA would like to thank the Project Oversight Group for their valuable contribution to this project.

  • Tim Cardinal, Chair
  • Brian Campbell
  • Gustavof Christensen
  • David Lautenschlager
  • Michael Lockerman
  • Yvonne McCullough
  • Xiaohong Mo
  • Joel Sklar
  • Stephen Turer
  • Ken Westman


Variable Annuity Guaranteed Living Benefits Utilization Study - 2013 Experience

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