According to Morningstar U.S.A., providers of variable annuities unveiled more than double the amount of product changes in Q3 of 2012 compared to Q3 of 2011. In the third quarter of 2012, a whopping 106 product changes were released. This is a 165% increase compared to the 40 changes introduced in the third quarter of 2011. Their report states that “activity this quarter was brisk” and alludes to a definite mix of strategies among the various providers.
Given this fluid environment with frequent product changes, it is even more important to make sure that you see counsel from a retirement income specialist in order to make sure that you obtain the most effective offering available for your particular needs. Be sure to seek counsel from various sources in order to make the most appropriate decision.