Initial Comment: Considerations on the Current State of the Annuity Business

In approaching the annuity business, we must admit, at times, to conflicting feelings. For one thing, we believe in the value of these products, regardless of type: fixed, variable, index, deferred, immediate and all types beyond and between...we encourage people to buy them and use them, and that means use them for what they were intended to do, which is to provide retirement income...