November 17, 2008
If the current market conditions do not show the value of indexed annuities in retiree portfolios nothing ever will. If these products are turned over to the brokers they will be sold much less than variable products because of the one time commision versus variable ongoing compensation...The brokerage accounts, especially variables accounts that have been devastated by the market downturn prove that assets with SEC oversite fare much worse than assets under NAIC scrutiny..The insurance industry does due diligence and the change in these products will hurt the insurance industry, the agents involved in these instruments and the people who put funds in them...Plese consider the impact that the changes on these products will have on this industry and on the people who purchase them.