Press Room
Press Release

FOR IMMEDIATE RELEASE | September 13, 2001
CONTACT: Deborah Tucker, (703) 707-8830 ext. 15

NAVA Statement on Events of September 11

Reston, VA, September 13, 2001 - The following is a statement from Mark J. Mackey, President and CEO of the NAVA.

"NAVA, the national trade association for the variable products industry, would like to offer its deepest condolences to all those affected by this unprecedented tragedy. Our heartfelt sympathies go out to the families of the victims, and our thanks go out to the men and women involved in the massive rescue operations that are underway. Equally profound is our faith that our nation will overcome this tragedy and normalcy will prevail.

Millions of Americans have invested their savings in variable annuity and variable life insurance contracts issued by insurance companies. The insurance companies are ready to begin processing contract owner transaction requests as soon as the U. S. financial markets reopen."