August 2019 – Account Owner Allocations

Annuities can serve as an investment tool to close the gap in an account owner’s retirement savings as well as a safeguard for risk-averse retirees to ensure retirement income beyond their standard nest egg. Since each account owner envisions a different purpose for the product and experiences a different level of risk tolerance, allocation adjustments allow variable annuity owners to personalize their funds to an investment that makes them most comfortable. Firms should provide clear displays of current allocations along with the capabilities to update current and future allocations. Helpful features, such as automatic calculations of percentage totals and quick links to fund information, provide a more efficient journey for users. This Annuity Monitor Report examines the fund allocation capabilities on the account owner sites of 15 firms in our coverage group, with a focus on future fund allocations.

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