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Cover Stories

How Many VA Owners Will Bail Out?

by Kerry Pechter

How Many VA Owners Will Bail Out?

Tue, Jun 29, 2010

Issuers of variable annuities with income benefits could face lower-than-expected lapse rates and higher reserve requirements over the next 18 months, says Oliver Wyman.

Plugging Leaks in VA Guarantees

by Kerry Pechter

Plugging Leaks in VA Guarantees

Wed, Jun 23, 2010

VA issuers can’t keep bearing so many of the contract risks. Milliman's Ken Mungan (above) and Deep Patel suggest three ways to make VA manufacturing more sustainable.

For VAs, Roll-Ups Rule

by Kerry Pechter

For VAs, Roll-Ups Rule

Thu, Jun 17, 2010

Perhaps unintentionally, "roll-ups," aka deferral bonuses, have arguably become the key feature of variable annuities with GLWBs. But can they save VAs from becoming a niche business?

The ‘Senior’ Senator from Wisconsin

by Kerry Pechter

The ‘Senior’ Senator from Wisconsin

Thu, Jun 10, 2010

The soft-spoken Herb Kohl (D-WI) fights for retirees as chairman of the Senate Special Committee on Aging, which will hold hearings on retirement income June 16.

News

NIH Devotes Only 11% of Budget to Elderly Studies

Wed, Jun 30, 2010

Although there has been moderate growth in spending at all 27 N.I.H. research centers, the growth is slower at the National Institute on Aging.

Orszag to Depart OMB Director Post

Wed, Jun 30, 2010

“Basically, the OMB Director is a brutal job and subject to quick burnout," commented one political blogger.

Towers Watson Explains New Pension Relief Law

Wed, Jun 30, 2010

A Client Alert details the implications of the "Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010."

The Guardian Offers New SPIA

Wed, Jun 30, 2010

As an inflation hedge, the product’s Annuity Payment Increase Benefit option increases the annuity payment each year by a fixed dollar amount.

The Global Distribution of Millionaires

Wed, Jun 30, 2010

In Singapore and Hong Kong, millionaire households account for 11.4% and 8.8%, respectively, of all households, according to Boston Consulting Group.