Complaints about indexed annuities decreased by over 45% in 2009 compared to two years prior, according to a new study.
Advantage Compendium Ltd., St. Louis, reports that finding in a report on indexed annuity consumer complaints that were coded by the National Association of Insurance Commissioners, Kansas City, Mo.
In 2009, there was one complaint about indexed annuities for every $201 million of index annuity premium, say the researchers.
By comparison, in 2007, there was one complaint for every $109 of premium in 2007.
Monday, March 22, 2010
Article - Study: Indexed Annuity Complaints Keep Dropping
Quick post this morning on an article from National Underwriter on how Indexed Annuity complaints have continued to drop. Few excerpts below and link to the article. Enjoy your Monday!
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