Living benefits drive sales.Consulting and actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin firm Milliman has reported that guaranteed living benefits continue to drive sales of variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. . During calendar year 2005, 87% of VA sales offered a benefit, the same as in 2004, but the figure rose to 69% in the first half of 2006. Election rates rose to 72% during that time, up from 68% in 2005 and 56% in 2004. The "must-have" product feature in today's market is the guaranteed lifetime withdrawal benefit, Milliman said. It captured some of the market share from the older guaranteed minimum income Guaranteed minimum income is a proposed system of income redistribution that would provide eligible citizens with a certain sum of money (independent of whether they work or not), also known as "Basic Income Guarantee (BIG)", "universal basic income", "citizen's income scheme", benefit, whose election rates fell to 22% in the first half of 2006 from 24% in 2005. Election rates of the guaranteed minimum accumulation benefit remained stable over the three reporting periods at 7%. Results were from a survey of 20 VA carriers representing about 65% of the VA market. The benefits generally protect policyholders from downturns in the equities markets after waiting periods of several years. New products is compiled by Senior Associate Editor Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Panko Panko is a variety of breadcrumb used in Japanese cuisine as a crunchy coating for fried foods such as tonkatsu. Panko is made from wheat bread, but it has a crisper, airier texture than most types of breading found in Western cuisine. |
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