8 notable trends in the VA business
6. Enough with the rollercoaster already
Expect funds that use volatility management to become a fixture among VA investment offerings. Late last fall, Nationwide added a group of volatility management funds to the roster for its guaranteed lifetime withdrawal benefit, the Nationwide Lifetime Income Rider or L.inc. Those options included the TOPS ETF portfolios, an offering from Milliman and ValMark Advisers. Similar offerings are available at a number of other insurers, including up-and-coming VA provider Ohio National Life. “Volatility management is going mainstream and going hand-in-hand with the living benefits,” said Morningstar's McCarthy.