Kevin Griffith Interviewed by InvestmentNews on Variable Annuity Contracts

Kevin Griffith noted in an interview with InvestmentNews, that in an era of low interest rates, guaranty associations are the ultimate fallback for carriers that may end up in liquidation. Griffith explained that variable annuity holders would not be eligible to receive immediate payments of any benefits that would not have been payable under the contract if the insurer were not in liquidation.