American Skandia will soon discontinue sales of its qualified plan and flexible premium variable life products, the firm said today. The move to shut down those lines will affect approximately 40 positions, though the Shelton, Conn.-based firm hopes to relocate many of those employees internally. The company will continue selling its single premium variable life policy.

Mutual funds and variable annuities have carried the weight for the company; those two lines account for 90% of sales and all profits.

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