Questions Linger – as to Where the VA Industry, Certain Players are Headed

We think these are rather uncertain times for the variable annuity space: companies are cutting back in one form or another – actually many pending product changes have yet to be fully revealed – and, for most insurers we watch regularly, sales declined in the third quarter. All this is not to say that certain players won’t be able to achieve market share gains, but results will probably be choppy...