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Foreign deals with the mutually owned companies, however, offer nothing to existing policyholders.
Ultimately, though, it is existing policyholders who are going to pay the price for the industry's errors of the past.
When the department approved MBIA's reorganization last year, Eric R. Dinallo, the state superintendent of insurance at the time, said more was at stake than protecting existing policyholders.
Equitable Life had to close its doors to new business and try to prevent existing policyholders from transferring or cashing in policies early by levying a 10% penalty on such transactions.
In Boulder, Mr. Obama criticized Republican proposals that would result in additional tax cuts for the wealthy, loosened financial and environmental regulations and an end to his health care law expanding insurance coverage and benefits for existing policyholders.
This will involve a pricing survey of all annuity providers, and will compare the rates available to people through the various channels, including those offered via the open market option and those only available to a company's existing policyholders.
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An activist group of existing and former policyholders, the Norwich Union Policyholders Action Group NUPAGAG), said on Thursday: "[The] results suggest that at the end of 2011 some balance sheet values were massively overstated".
Standard Life said that from now on it will no longer include the "benefits of mutuality" in its projections of future returns for existing and prospective with-profits policyholders.
Mann said the store is seeing an increase in traffic from policyholders who are having their existing coverage canceled Dec. 31 because it doesn't meet all the requirements of the Affordable Care Act.
This financial planning tool comprises the sale of an existing life insurance policy by an elderly policyholder, for more than the current cash surrender value.
But Sheilas' Wheels said it was confident that the current gender profile of its policyholders will help to minimise price disturbance for the vast majority of its existing customers, with most seeing price changes of no more than 4% in either direction, or £12 on an average premium.
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