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Scorned by stocks, investors are flocking to products that promise guarantees.
But will those guarantees become the next house of cards to topple? Even troubled U.S. insurers are still paying claims to policyholders, but some experts fear that the industry isn''t adequately protected for the level of guarantees it is providing.
Fixed-annuity and whole-life insurance sales are surging, while products that depend on financial market performance are suffering, thanks largely to 2008''s dismal markets. And while sales of variable annuities are declining, reversing years of growth, their most popular feature remains guaranteed withdrawal benefits, which came on the scene just a few years ago.
Added on: Fri Jan 30, 2009 10:44 am by :
simon
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