A ton of advisors in my area switched from FIA sales to this 5-7% guarantee one year term product. I have been speaking out against it at my seminars and on my newsletters since August. I even received a cease and desist letter from them as word got back that I was talking negatively about them. Monday they filed for Chapter 11 and missed the "income payments" due to the clients. Millions of dollars are at stake in my area, not sure how prevalent this is nationwide. The WSJ did a write up about the chapter 11 on Tuesday. Anyone else hearing anything about this?