Utility stocks are generally used as defensive positions.
This is the least expensive variable annuity we've found that offers a living income benefit and contains a guaranteed roll-up death benefit. And the living income benefit and death benefit are second to none in the industry.
Plus, the group itself is going through kind of an identity crisis. Everybody is going through a process to become somebody else and most of them are still in the beginning phases of their transition.
We think the consolidations are consequence of increasing competition, ... We think the deals are going to get bigger. We have about 100 utility companies nationwide and some people feel that's about 75 to 80 too many.