An NBC reporter for a Miami affiliate, Willard Shepard, did an in-depth interview with two Executive Life (ELNY) annuitants, or shortfall payees that aired in South Florida on May 15th.  The investigative interview can be viewed online along with the companion article.   The interview highlights the many issues facing those annuitants whose benefits will be cut later this year.  Through no fault of their own, 1500 annuitants will see their benefits cut by as much as 66% some time later this year.  As pointed out by one of the annuitants “I trusted the system and the system failed me.”