Household Ownership of Variable Annuities [report]

Jeffrey Brown, James Poterba
2006 unpublished
Variable annuities have been one of the most rapidly growing financial products of the last two decades. Between 1996 and 2004, nominal sales of variable annuities in the U.S. more than doubled, from $51 billion to $130 billion. Variable annuities now account for approximately nearly two thirds of annuity sales. The investment returns associated with variable annuities resemble those from mutual funds, and variable annuity buyers can select among a range of asset allocation options.
doi:10.3386/w11964 fatcat:r5srgvnsvnbj7aihothfbmf55m