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With the stock market still significantly down off of historic levels, most variable annuities have experienced market
losses, with a corresponding decrease in their cash values. Consequently, the death benefits of many contracts are
significantly higher than the cash values, due to Guaranteed Minimum Death Benefits (GMDB) or similar contract
features. To the extent your client does not need the death benefit or the specific income benefits of the contact, or to
the extent they can re-purchase those benefits at a lower cost with the proceeds they receive from us, the Annuity Recovery™
program is an opportunity for you to create significant value and an immediate return for your clients.
Read the whole story.
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