As large numbers of Americans come closer to leaving work, many are looking to Variable Life and Annuity products to cover their income needs in retirement. Annuity carriers have responded to the growing popularity of these products by increasing the number and choice of underlying investments. This strategy has helped carriers to compete and now many insurance companies offer multiple products with as many as 50 underlying funds per product.

RR Donnelley's Global Investment Markets understands the specific need of variable annuity and variable life carriers and has developed optimized print and fulfillment solutions for leaders in this industry. Today, GIM works with over 60% of the VA industry because we understand the challenges involved in composing, producing and delivering high volumes of large, complex compliance documents. The case study below is an example of how GIM can lower your costs and keep you in compliance.

Variable Annuity Company cuts compliance printing and mailing costs

A Variable Annuity Company determined that more than 65% of its compliance spending related to prospectus production and delivery. Management found the answer to these soaring costs with RR Donnelley's RightMix First Dollar Prospectus Delivery solution.

The company was already using RightMix to product and deliver shareholder reports so they decided to extend the print saving capabilities of RightMix to the ongoing prospectus delivery cycle. RightMix lowers print and delivery costs by analyzing each investor's holdings and delivering only those documents related to the funds they own. Using RightMix First Dollar Prospectus Delivery for ongoing delivery throughout the year, the company began to realize the added benefit of a daily-automated fulfillment process.

Now, fund documents with supplements could be mailed to new investors within 3 days of purchase - keeping the company in compliance with all regulatory requirements and reducing costs.