On November 3rd, Eileen Rominger, SEC Director, Division of Investment Management, noted that SEC staff may ask issuers of variable annuities to provide investors with summary prospectuses. She notes that insurers may change contract features over time and that evolving contracts is one of the issues complicating the summary prospectus initiative for variable annuities. She believes that as a general matter, an investor is best served by receiving only that information that is relevant to the investment he or she is considering. Rominger also discussed living benefit options, and the disclosure issues raised by those benefits, and account allocations. Rominger Remarks.