TITLE

13 Companies Depart Equity-Indexed Annuities Market

AUTHOR(S)
Lysiak, Fran Matso
PUB. DATE
July 2009
SOURCE
Best's Review;Jul2009, Vol. 110 Issue 3, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
43154308

 

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