CDAs and GLWBs Help Retirees Avoid Outliving Assets

Report from the U.S. Government Accountability Office also finds some potential risks to consumers and insurers.

January 10, 2013

Chris McMahon

Variable annuities with guaranteed lifetime withdrawal benefits (VA/GLWB) and contingent deferred annuities (CDA) can help ensure people don’t outlive their assets, but do present some risks to consumers, according to “Retirement Security: Annuities with Guaranteed Lifetime Withdrawals Have Both Benefits and Risks, but Regulation Varies across States,” a report from the U.S. Government Accountability Office (GAO).

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Free Site Registration