The proportion of variable annuity buyers electing guaranteed living benefits (GLBs) increased by two percentage points to 89% in the third quarter, according to the latest numbers from LIMRA.

Third-quarter sales generated $21 billion of new deferred variable annuity premium resulting in year-to-date sales of variable annuities with GLBs of $58.5 billion, 3% higher than during the first three-quarters of 2009.

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