Fees have decreased by between 15 and 25 basis points compared with the previous version of the product
Insurance products such as annuities can provide valuable peace of mind for retirees, but there are drawbacks to consider
Life insurers are designing income products that can adapt to changing economic conditions and interest rates
Fees are up while payouts are down for many traditional GMWBs
Class Plus 2 adds predictability and flexibility to an income-oriented portfolio
Some insurers are removing long-term, guaranteed products
Diving interest rates and uncertain equities have led to major changes in the availability and features of guaranteed minimum withdrawal benefits. Some advisors are steering clear, but others say GMWBs can be a sound choice
Several firms temporarily suspend GMWB sales
New sales of AGI II contracts halted, contributions to existing contracts capped
