8 notable trends in the VA business
4. No more 'Night of the Living Benefits'
Extending the trend of backing away from lifetime income, experts predict insurers will go the route of Jackson National Life. Jackson offers VAs that are largely investment-focused, with an eye toward tax inefficient investments, like alternatives. Generally, these contracts don’t offer lifetime income features. Such products permit insurers to stay in the VA business without pushing living benefits that will eventually add to their long-term liability and interest rate exposure.