Banks expect hybrid annuities that include long-term-care riders to be the next hot product on brokerage platforms as soon as product providers ramp up their offerings in this area, Scott Stathis, Kehrer-LIMRA’s chief operating officer and managing director, said reporting on its latest Annuity Product Management Roundtable, held in Chapel Hill, N.C., on Monday and Tuesday.
The 15 banks present at the event ranged from the very largest to community banks. Kehrer-LIMRA polled them throughout the event on what was working, what wasn’t and where they saw opportunities for future growth.
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