Eight VA trends worth noting
Sales flat-out flat
Sales of variable annuities rose in 2007 to $179.5 billion, then took a dive along with stock markets in 2008, falling to $151.9 billion, according to data from Morningstar Inc. There’s been some recovery in those numbers, particularly as advisers and clients began to appreciate how variable annuities with living benefits could act as a buffer against market volatility. Still, last year ended with $153.7 billion in sales and with assets under management hitting $1.5 trillion — which is flat compared to 2010.
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