02.19.25

Insurance Firms Using Contingent Deferred Annuities To Help Managed Accounts in Retirement

by: Tobias Salinger

Keith Golembiewski, director of annuity research with industry research organization LIMRA, says a contingent deferred annuity lets financial advisors maintain keep client assets under their management with the investments of their choice while offering insurance against depleting the savings too quickly. Insurance companies are beginning to roll out more contingent deferred annuities as a way to attract interest among more independent advisors who have traditionally avoided moving assets out of their managed accounts. "That's potentially what we could see in the future, these wrappers around various investment options that could be more attractive," Golembiewski said. "This is where we really as an industry have to build engagement, build awareness and make sure you have that technology to start allowing the financial professional to potentially offer this solution."

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