Is Insecurity at the Hartford Next for Investors in Variable Annuity Benefits?

...The Hartford, a company that sold these products, recently posted its third consecutive quarter with a loss, partially due to lower revenue from their variable annuity products. This quarter's loss grew to $1.2 billion.

During a recent conference call CEO Ramani Ayer admitted that "the risk-reward ratio in the VA market just doesn't make any sense," and that the company would cut back sales of variable annuities and eliminate sales in foreign markets.

Bob MacDonald, the former chief executive of Allianz Life of North America, was recently quoted in Investment News as saying that the situation at The Hartford was so dire that only a buyout could save the company...

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