13 Companies Depart Equity-Indexed Annuities Market

Lysiak, Fran Matso
July 2009
Best's Review;Jul2009, Vol. 110 Issue 3, p14
Trade Publication
The article reports on the 13 companies which departed the equity-indexed annuities market in the U.S. According to AnnuitySpecs.com president Sheryl J. Moore, these companies including Genworth Financial Inc., Protective Life Corp. and Principal Financial Group Inc. have decided to leave the market due to the lack of sales and mergers and demands. The Securities & Exchange Commission (SEC) also failed to reclassify and regulate annuities as securities.


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