The following message was distributed by Ata Azarshahi, announcing changes to the Annuity Product Development Team.
It is with mixed emotions to announce that after almost 13 years, Dan Adams has decided to pursue his next opportunity outside of National Life Group. Dan has been a pillar of stability and knowledge within our Annuity product development and management. He joined NLG in 2008 and has contributed to all of our annuity products that we have on the market today. His most recent achievement was launch of our new FIT Retirement Series in January that has been very well received by our Distribution. I believe we are now in a very strong position with our new line up of annuity products, both the SPDAs (that were launched last year) and Flow Annuities. We thank Dan for all his contributions to our company and his leadership. I am sure we will remain in touch for many years in the future. Please join me in wishing Dan and his family all the best in their future endeavors. His last day with the company will be Friday, April 16th.
Going forward, we will support our Annuity products with an approach that separates new product development from ongoing profitability management that is in line with our approach to Life products. Dan Grundman will be responsible for design, development and pricing of our new annuity products. In this role he will be working closely with our Distribution leadership and Field Leaders. Dan has been with us for over a decade. He joined the company in 2011, in our Annuity product implementation area. Dan has significant experience in annuity products and other than a rotation to our Life products area, has spent all of his time at national Life on our annuities. Dan will report directly to me and I will partner closely with him as he ramps up in his enhanced role. We will also add one additional actuary to this team. Cathy Shires will partner with Dan and take on additional focus on our annuity product profitability management. Cathy and team will provide many of the analytical support for measuring profitability, rate-setting and reinsurance management/discussions. Please contact Cathy, Dan or myself if you have any questions or need any information.
Best Regards,
Ata