Since December 2008:
o 12 fixed indexed annuity companies have either left the annuity business or have gone into rehabilitation
o Sales of variable annuities have decreased while sales of fixed annuities have increased
o Some of the top 10 index writers have pulled back from the market or capped sales for 2009
Source: Report on indexed annuity sales developed by the Indexed Annuities Working Group of the Life Insurance and Annuities Task Force of National Association of Insurance Commissioners, Kansas City, Mo. The report was made public in June 2009.
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