I work for a firm that is being bought out by B of A.

Can you tell me a little more about these proprietary annuties???

It has been delayed because of feedback from the field.

  Basically, the 3 and 4 year options were to be eliminated (cost) and only a 7 year would be available based on the fact that most VA sales are made based on income riders (which are inherently long term benefits).  Costs in the 7 year would be marginally cheaper - and, of course, the comp would be less.  I heard they scrapped and have statred over.  Bottom line: there are no proprietary annuities now - but rest assured, they are trying to get the companies to create a product specific to BOA.  Something like this never just goes away.

[quote=NOFX]It has been delayed because of feedback from the field.

  Basically, the 3 and 4 year options were to be eliminated (cost) and only a 7 year would be available based on the fact that most VA sales are made based on income riders (which are inherently long term benefits).  Costs in the 7 year would be marginally cheaper - and, of course, the comp would be less.  I heard they scrapped and have statred over.  Bottom line: there are no proprietary annuities now - but rest assured, they are trying to get the companies to create a product specific to BOA.  Something like this never just goes away.[/quote]   I assume you are with LaSalle, if you are, I hope we start offering the brokered CDs again.  great way to raise AUM