Annuity Expert To DOL: What Is ‘Reasonable’ Compensation?

August 17, 2015 by Cyril Tuohy

Department of Labor (DOL) officials need to refine their fiduciary rule proposal by detailing what they mean by insurance commission, an insurance and annuity expert said. He added that the department should retain sales incentives and marketing payments paid to agents.

Jim Poolman, executive director of the Indexed Annuity Leadership Council, also urged the Labor Department officials to spell out the definition of the phrase “reasonable compensation.” Click HERE tor read article. 

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Originally Posted at InsuranceNewsNet on August 14, 2015 by Cyril Tuohy.