Got an email yesterday from SB saying that as of March 6, the Secure Income Annuity product would be dropped.
Interesting. The fact they gave four days notice tells me they most certainly don't want any more of the product written.
So, the question is: Why? I have felt from the beginning that the SIA could not possibly be profitable to the company in the long run. I've seen many opinions over the years that the offering was to bump a huge amount of initial premium for Guggenheim's bottom line, but that is was not sustainable.
Anyone else have any insight on this? SB says in a round ab
Interesting. The fact they gave four days notice tells me they most certainly don't want any more of the product written.
So, the question is: Why? I have felt from the beginning that the SIA could not possibly be profitable to the company in the long run. I've seen many opinions over the years that the offering was to bump a huge amount of initial premium for Guggenheim's bottom line, but that is was not sustainable.
Anyone else have any insight on this? SB says in a round ab
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