Announcement: Access the latest SOA updates on COVID-19 at SOA.org/covid-19-updates.

Due to unusually high email volume in Customer Service, you may experience a longer response time than usual. We apologize for any inconvenience this may cause.

Variable Annuity Guaranteed Living Benefits Utilization Study – 2014 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 4.9 million contracts that were either issued during or in force as of 2014. Twenty-one insurance companies participated in this study. These 21 companies make up 68 percent of all GLB sales in 2013 and 73 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
  • Gustafov Christensen
  • David Lautenschlager
  • Michael Lockerman
  • Yvonne McCullough
  • Xiaohong Mo
  • Joel Sklar
  • Stephen Turer
  • Ken Westman

Material

Variable Annuity Guaranteed Living Benefits Utilization Study – 2014 Experience

Questions Or Comments?

If you have comments or questions, please send an email to research@soa.org.