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Ruark Consulting Releases 2019 Fixed Indexed Annuity Study ResultsRuark Consulting, LLC today released the results of its 2019 studies of fixed indexed annuity (FIA) policyholder behavior. The studies, which examine the factors driving surrenders, guaranteed lifetime income benefit (GLIB) utilization, and free partial withdrawals, were based on experience from 3.5 million policyholders from 2007 through September 2018. A total of 15 companies participated, comprising $240 billion in current account values. Highlights include:
Detailed study results, including company-level analytics and customized behavioral assumption models calibrated to the study data, are available for purchase by participating companies. Ruark Consulting, LLC (www.ruark.co), based in Simsbury, CT, is an actuarial consulting firm which aims to be the platform and industry benchmark for principles-based insurance data analytics and risk management. Ruark's consultants are frequent speakers at industry events on the topics of longevity, policyholder behavior, product guarantees, and reinsurance. Their work and commentary have appeared in numerous industry publications. Ruark enjoys an ongoing collaboration with the Goldenson Center for Actuarial Research at the University of Connecticut. View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005813/en/ |