Bobby,

I am talking about living benefits.  For instance, I often use VA's because I can take a conservative investor and have them invest much more aggressively.  However, if we use a GMAB that promises a return of premium and their account has gone from $100,000 to $300,000, we can't keep investing aggressively because that $100,000 guarantee no longer has the same importance. 

[quote=anonymous]

Bobby,

I am talking about living benefits.  For instance, I often use VA's because I can take a conservative investor and have them invest much more aggressively.  However, if we use a GMAB that promises a return of premium and their account has gone from $100,000 to $300,000, we can't keep investing aggressively because that $100,000 guarantee no longer has the same importance. 

[/quote]

I only use living benefits about half the time. In your case, I would move the $200,000 gain into a new contract, which would mean that the living benefit base goes from $100 to $300.

annuites are designed for qualified accounts

[quote=Vin Diesel]annuites are designed for qualified accounts[/quote]

Care to elaborate?  Tell me why a VA would not be appropriate in a qualified account.