Variable Annuity Assets Drop

Assets held in variable annuities fell 6%, to $1.4 trillion, during the first quarter from the end of 2007 and rose 0.5% compared with last year's first quarter, according to Nava.

Variable annuity total sales, also known as premium flows, rose 1.7%, to $41.6 billion, in the quarter compared with the year-earlier period, according to the company's quarter data.

Variable Annuity Assets Drop
Source: Financial-Planning.com