Insurance Update: Contingent Annuities - Supportive Insurance Services

The NAIC is forming a working group to study the marketing of the new contingent annuities and other similar products. Various industry organizations and regulators are discussing how the product should be classified and if the product can be sold under existing statute or model law.

Some say contingent annuities should be treated as annuities while others strongly disagree.

Is a contingent annuity like a variable annuity? If not, what is the financial risk, if any?

This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!

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