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Don’t Make Me Say I Told You So 162

variable annuities don’t impose caps on the amount of gains that
can be captured when the stock market goes up.

Because of this combination of potential growth and guaranteed
income, variable annuities have grown in popularity with retirees

and pre-retirees in recent years. Variable annuity net assets
reached a record high of $1.79 trillion in the third quarter of 2013,

a 4.1% increase from the $1.72 trillion in the previous quarter. i2

i Insured Retirement Institute. “Fixed Annuity Sales Push Industry-Wide Sales to Highest
Levels in Two Years.” December 5, 2013. http://www.irionline.org/newsroom/newsroom-
detail- view/fixed-annuity-sales-push-industry-wide-sales-to-highest-level-in-two-years

Chapter 4: Annuities

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