Annuity Invested in Energy(oil,natural gas,ect)

There are probably a multitude of variable annuities that allow the investor to invest solely in an energy fund. I cannot cite a specific one off-hand, but international, real estate, emerging markets, healthcare, biotech, and dozens of other sectors have their own sub- accounts so it is foolish to think energy wouldn't also.

To pick a nit, insurance companies, which sell annuities, invest in bond markets, not equities.

Why an annuity specifically and why do you want to avoid diversification? Answer these and I suspect you'll get flooded with feedback.

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I think that generalization is wrong. There is no legal requirement that insurance companies invest only in bonds. Berkshire Hathaway, run by Warren Buffett, has invested heavily in equities.

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I didn't say there is a legal requirement, it's just a generalization and a generally true one at that. Berkshire Hathaway's insurance subsidiary reports that 76.68% of its assets are in bonds and cash while only 22.5% are in securities. I wouldn't consider that "heavily invested". Perhaps you are mistaking the insurance company's assets held in legal reserve and the total assets of the conglomerate. I was referring to the former.

Using the vitalsuite database for insurance companies, a quick look revealed that MetLife, John Hancock, Lincoln National/Jefferson Pilot, ING, and Merrill Lynch all hold less than 7% of assets in securities with most holding close to 2%. [I chose these companies becuase they are large, well known, and I deal with them regularly so they quickly came to mind]

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