"[In] the process of rotating investment offerings in a 'routine' prospectus change [Hartford] indirectly defaulted a large number of annuity holders into more conservative investments than they may have originally selected... [A] number of [AXA] contract owners with what were purported to be lifetime guarantees are now renewed to complete a 'renewal' process by October 4th or permanently lose their lifetime income protection! ... [A]dvisors will need to be increasingly diligent in reviewing client annuity contracts, or look to outsource to due diligence services that can help to support the process."  MORE >>