There are fewer insurance companies offering equity indexed annuity products.
Thirteen insurers have exited the market since the end of 2008.
Included among the exits are some better known names such as Principal Financial Group, Genworth Financial, Transamerica, Monumental Life and Protective Life.
Many of the companies exiting the market have equity indexed sales that are not a significant part of their overall business.
Looming regulatory changes which would require that equity indexed annuities are treated as securities rather than insurance products may also be part of the reason that some of the companies are leaving the market.
Source: Trading Markets
